Subscribe To Our Free Newsletter |
Vedanta to spin off, list five more commodities businesses to unlock value
Vedanta, an Indian metals-to-oils conglomerate, has announced plans to demerge its business units into independent companies in order to unlock value and attract investments. The proposed entities include Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Metals, Vedanta Base Metals, and Vedanta Limited. The announcement has resulted in a 6.8% increase in Vedanta's shares.