Vedanta Ltd. plans to demerge into independent companies focusing on different sectors by the fiscal year-end.

Vedanta Ltd. plans to shift from asset management to asset ownership by demerging its diverse verticals into independent companies focused on aluminum, oil and gas, power, steel, and base metals. With 75% creditor approval, the demerger aims to enhance management and growth efficiency, expected to finalize by the fiscal year-end. Vedanta is also investing $1.9 billion for growth and reported a 36.5% increase in net profit for the quarter ending June 30, 2024.

September 08, 2024
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