Vedanta to split business into six listed companies

📆 29/09/2023 15:33:00
📰 mining

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The metals-to-oil Indian conglomerate seeks to boost growth amid a financial performance decline by parent company Vedanta Group.

it was splitting its business into six listed companies as part of a broader restructuring plan to get better valuations.

The move is aimed at simplifying Vedanta’s corporate structure with sector-focused independent businesses and provides an opportunity to global investors, including sovereign wealth funds, retail investors and strategic investors. The move will need shareholder and other regulatory approvals and the process is expected to be completed in fiscal year 2025.

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