Vedanta, one of the largest diversified natural resources companies, said on Monday the company has raised Rs 20 billion through issue of secured, rated, non-cumulative, redeemable, non-convertible debentures (NCDs).

The company has allotted 20,000, 9.45% secured, rated, non-cumulative, redeemable, non-convertible debentures (NCDs) of Rs 1 million each to State Bank of India (SBI) on Aug. 17, 2015.

"The NCDs are long term funds and this issuance will reduce our cost of funds," the company said.

Total volume of shares traded on the bourses today was lower by 52.15% to 700,850 compared with 22-day average volume of 1,464,588.

Shares of the company declined Rs 6.1, or 6.44%, to trade at Rs 88.65. The total volume of shares traded was 684,517 at the BSE (11.22 a.m., Monday).