Vedanta Plans Corporate Overhaul, Mulls Demerger
NDTV
Vedanta is looking at all options like demergers and strategic tie-ups and also thinking of listing all its verticals
Mining behemoth Vedanta Limited has announced that it is mulling a complete overhaul of its corporate structure.
As part of this plan, the Anil Agarwal-led mining company is looking at all options like demergers and strategic tie-ups and also thinking of listing all its verticals in aluminium, iron & steel, oil and gas segments as separate entities.
It said in a regulatory filing that after considering the scale, nature as well as potential of the various verticals, the board of directors has reached a consensus that a comprehensive review of the company's corporate structure should be undertaken and evaluate all options for “unlocking value and simplification of corporate structure”.
