News Formal

Vedanta to split business into six listed companies

  • 📰 mining
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 449. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India's Vedanta to spin off four commodity companies -sourceIndian conglomerate Vedanta Ltd will separate its commodities businesses into four companies to get better valuations, a source with direct knowledge of the move told Reuters on Thursday.
Source: Reuters - 🏆 2. / 97 Read more »