<p>Shares of Hindustan Zinc Ltd (HZL) on Wednesday gained 7 per cent after the company said its board-constituted panel has approved plan to raise up to Rs 4,000 crore through non-convertible debentures.</p>.<p>The stock jumped 7 per cent to Rs 222.75 on the BSE. At the NSE, it rose by 7 per cent to Rs 222.90.</p>.<p>The approval on the same was given during the meeting of the committee of directors held on Tuesday, HZL said in a BSE filing on Tuesday.</p>.<p>"The duly authorised committee of directors...considered and approved offering for subscription on a private placement basis, up to 40,000 unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) of a face value Rs 10,00,000 each," the filing said.</p>.<p>It added that the fundraising would aggregate up to Rs 4,000 crore, including the option to retain oversubscription of up to Rs 1,000 crore. HZL is a subsidiary of Vedanta Ltd. </p>
<p>Shares of Hindustan Zinc Ltd (HZL) on Wednesday gained 7 per cent after the company said its board-constituted panel has approved plan to raise up to Rs 4,000 crore through non-convertible debentures.</p>.<p>The stock jumped 7 per cent to Rs 222.75 on the BSE. At the NSE, it rose by 7 per cent to Rs 222.90.</p>.<p>The approval on the same was given during the meeting of the committee of directors held on Tuesday, HZL said in a BSE filing on Tuesday.</p>.<p>"The duly authorised committee of directors...considered and approved offering for subscription on a private placement basis, up to 40,000 unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) of a face value Rs 10,00,000 each," the filing said.</p>.<p>It added that the fundraising would aggregate up to Rs 4,000 crore, including the option to retain oversubscription of up to Rs 1,000 crore. HZL is a subsidiary of Vedanta Ltd. </p>