Business

Vedanta Plans Corporate Overhaul, Mulls Demerger

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Vedanta is preparing a complete corporate overhaul and is likewise mulling options like demergerMining behemoth Vedanta Limited has actually revealed that it is mulling a complete overhaul of its corporate structure.As part of this plan, the Anil Agarwal-led mining business is looking at all options like demergers and strategic tie-ups and likewise thinking about noting all its verticals in aluminium, iron - & steel, oil and gas segments as separate entities.It stated in a regulative filing that after thinking about the scale, nature in addition to capacity of the various verticals, the board of directors has actually reached a consensus that a thorough review of the company's corporate structure ought to be carried out and examine all options for unlocking value and simplification of corporate structure .

Topic to a detailed assessment, it is the intention that the aluminium, iron and steel, and oil and gas services would be housed in standalone listed entities, it even more stated in the filing.To carry out the strategy, Vedanta's board of directors has actually formed a committee of directors to examine and advise these options to them.




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