Vedanta To Split The Company Into 5 Units On May 1 | Demerger Explained

Описание: Mining major Vedanta on Monday informed the exchanges that its board has fixed May 1 as the date to split the company into five units. As part of the demerger, Vedanta's aluminium, power, oil and iron business arms will be spun-off into separate listed entities. The existing shareholders will be eligible to receive an equal number of shares in each of the demerged entities. The move is aimed at unlocking value, improving operational efficiencies, and allowing each business to pursue independent growth strategies aligned with its sector dynamics.
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