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Sesa Sterlite has fixed November 21 as the record date for paying interest on debentures, aggregating Rs 500 crore, issued in December last year.
“ ...November 21, 2013, has been fixed as the ‘Record Date’ for interest payable on December 6, 2013, on 9.24 per cent secured non-convertible non-cumulative redeemable taxable debentures of face value of Rs 10 lakh each, aggregating Rs 500 crore,” the company said in a BSE filing.
According to Sterlite Industries (India) annual report, the company had issued 5,000 debentures on private placement basis in December 2012.
Sesa Sterlite is the new entity following the merger of Sterlite Industries (India) with Sesa Goa, both Vedanta Group firms, aimed at creating a mega Indian natural resources giant on the likes of BHP Billiton and Rio Tinto.
The merger, which was first announced on February 25, 2012, became effective in August this year.
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