Vedanta gets approval from 75% secured creditors for demerger
The six separate listed companies will be Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Ltd.
The six separate listed companies will be Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Ltd.
The metal and mining company has received approval from State Bank of India to split its existing businesses into six separate entities.
Vedanta’s long-term rating downgraded to 'CRISIL AA-' and revised to 'Watch with Developing Implications'; short-term rating placed on 'Watch Developing'.
Malco Energy, a wholly owned subsidiary of Vedanta, has incorporated a new unit in Saudi Arabia to manufacture copper rod.
Ind-Ra has downgraded Vedanta’s long-term issuer rating to ‘IND AA-’from ‘IND AA’, while placing it on rating watch with negative implications.
Vedanta will demerge the mining biz into six independent “pure play” units; it will help its parent manage debt
Billionaire Anil Agarwal-led firm to demerge its diversified business into six separate listed companies, which will unlock value for its shareholders
Mining major says demerger to simplify its "corporate structure" and provide opportunities to global investors to directly infuse funds in these pure-play firms
Vedanta plans to restructure its businesses such as aluminum, iron & steel, and oil & gas into separate listed entities, which could help its parent company manage its debt load.