New Delhi, June 5 -- Mining major Vedanta share price edged higher in Thursday's trading session after the company announced that the board has approved the allotment of non-convertible debentures (NCDs) worth Rs.5000 crore via private placement basis.

Vedanta shares was trading 0.14 per cent higher at Rs.437.40 at the time of writing this article.

In Series 1, the company has approved the allotment of 2,40,000 Denominated Unsecured, Redeemable, Rated, Listed, Non-Convertible Debentures, with a face value of Rs. 1,00,000 each, aggregating to Rs.2,400 crore.

In Series 2, the company alloted 85,000 Indian Rupees (INR) Denominated Unsecured, Redeemable, Rated, Listed, Non-Convertible Debentures of face value of Rs.1,00,000 each, aggregati...