Vedanta Ltd. Chairman Anil Agarwal announced the company's commitment to proceeding with the demerger of its businesses.
The strategic move aims to create six distinct firms, each poised to embody Vedanta's core values and pursue independent paths while maintaining its entrepreneurial spirit and global leadership, the mining magnate said at the company's 59th annual general meeting.
Agarwal emphasised that this restructuring will unlock significant value for shareholders.
The company has secured approvals from a majority of its creditors for the proposed demerger of its businesses, marking a crucial milestone in its strategy to divide into six separate listed entities.
Vedanta Ltd. Chairman Anil Agarwal announced the company's commitment to proceeding with the demerger of its businesses.
The strategic move aims to create six distinct firms, each poised to embody Vedanta's core values and pursue independent paths while maintaining its entrepreneurial spirit and global leadership, the mining magnate said at the company's 59th annual general meeting.
Agarwal emphasised that this restructuring will unlock significant value for shareholders.
The company has secured approvals from a majority of its creditors for the proposed demerger of its businesses, marking a crucial milestone in its strategy to divide into six separate listed entities.
