Vedanta Limited has been making headlines with several significant developments. The company has secured approval from 75% of its lenders, including the State Bank of India, for its proposed mega demerger, which aims to split the business into six independent listed entities.
Key Highlights of the Demerger:
- Simplification of Corporate Structure: The demerger will create focused entities, each poised to capitalize on growth opportunities in critical sectors.
- Unlocking Value: The demerger is expected to unlock massive value for shareholders, with each demerged entity charting its own course.
- Growth Opportunities: The six independent entities will be well-positioned to attract global investors and capitalize on growth opportunities in their respective sectors.
Additionally, Vedanta has announced plans to invest $2 billion in fresh copper projects in Saudi Arabia, which will create thousands of new jobs and generate downstream industries.
In other news, Vedanta’s shares have been on an upward trajectory, with the company’s five-year returns standing at 276% as of June 30 . However, the stock price went down by -1.07% on January 24, closing at 451.25 per share .
