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Vedanta Ltd. plans to split into five businesses, aiming to simplify its structure and address debt.
Vedanta Ltd., an Indian mining company, plans to split into at least five separate businesses to simplify its structure and manage its debt.
Creditors will meet on February 18 to discuss the plan, which needs their and shareholders' approval.
The split includes businesses focused on aluminum, oil & gas, power, steel, and semiconductors.
Vedanta's shares have risen over 50% in a year, giving it a market value of about $19 billion.
3 months ago
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