Vedanta to split business into six listed companies

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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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.
Fuente: Reuters - 🏆 2. / 97 Leer más »