Ind-Ra upgrades Vedanta’s NCD rating with a rider

India Ratings upgraded Vedanta’s non-convertible debentures (NCDs) to AA- with ‘developing implications’ tag. Separately, the metal and mining major announced its fourth interim dividend. Vedanta’s stock ended 1.21% lower at ₹513.40 on the BSE, off its record high of ₹527 hit earlier in the session.

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