Vedanta Says It Won't Undertake Corporate Restructuring
NDTV
Vedanta has said that it will not undertake any corporate restructuring, including demerger and spin-off, and continue with its existing structure
Vedanta has said that it will not undertake any corporate restructuring, including demerger and spin-off, and continue with its existing structure.
The development assumes significance in the wake of Vedanta's board in November last year deciding that the company should undertake a review of the corporate structure and evaluate full range of options and alternatives to unlock value and simplify the corporate structure.
"The board of directors of the company have discussed various important policy matters and made decisions. Company has concluded this comprehensive review with inputs from various experts and advisors," it said.
The board of directors concludes that the current structure is optimal and is commensurate with the current scale and its diversified lines of businesses. Therefore, the company will not undertake any corporate restructure including demerger or spin off etc and will continue with its existing structure," Vedanta Limited said in a filing to Bombay stock exchange (BSE).
