Vedanta Limited is moving to strengthen its liquidity with a planned 30 billion rupee ($329.89 million) bond sale. This move, finalized on February 25, 2026, marks the conglomerate's second major debt issuance for the current fiscal year. The company is targeting shorter-duration instruments, specifically two-year and three-year non-convertible debentures (NCDs). Market sources indicate that Vedanta has already entered discussions with institutional investors, including mutual funds, to complete the round in the first half of March. The fundraise comes on the heels of a record-breaking performance. For the December 2025 quarter, Vedanta reported a 60% surge in consolidated profit, reaching 78.07 billion rupees. Revenue climbed 19% to 458.99 billion rupees, driven by record production in its aluminium and zinc segments. Operationally, the company is maintaining strong efficiency. Its EBITDA margin expanded to 41% during the last quarter, while its net debt-to-EBITDA ratio improved from 1.40x to 1.23x. This deleveraging trend has contributed to a 77% rally in its share price over the past 12 months. The timing of this bond sale is critical as Vedanta nears its massive corporate restructuring. The group is on track to demerge into five separate listed entities—aluminium, oil and gas, power, steel, and base metals—with a target completion date of March 31, 2026. This 30 billion rupee issuance provides essential capital as the firm prepares to list its four new units by mid-May. The move aligns with a broader strategy to manage upcoming debt maturities and lower blended funding costs, which currently hover around 10%. Investor sentiment remains largely positive following the board's approval of the NCDs. On the day of the announcement, Vedanta’s stock price jumped over 5% to reach 732 rupees, bringing its total market capitalization to approximately 2.83 trillion rupees.