Vedanta gets approval from 75% secured creditors for demerger
The six separate listed companies will be Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Ltd.
vedanta demerger
July 2024
June 2024
November 2023
October 2023
September 2023
Vedanta shares gain 4% on report of SBI nod to demerger plans
The metal and mining company has received approval from State Bank of India to split its existing businesses into six separate entities.
Crisil downgrades Vedanta’s long-term rating; here’s how stock reacted
Vedanta’s long-term rating downgraded to 'CRISIL AA-' and revised to 'Watch with Developing Implications'; short-term rating placed on 'Watch Developing'.
Vedanta sets up new copper unit in Saudi Arabia; stock down 2%
Malco Energy, a wholly owned subsidiary of Vedanta, has incorporated a new unit in Saudi Arabia to manufacture copper rod.
Vedanta shares slide after Ind-Ra downgrades rating
Ind-Ra has downgraded Vedanta’s long-term issuer rating to ‘IND AA-’from ‘IND AA’, while placing it on rating watch with negative implications.
Vedanta demerger: Mining major forms base metals subsidiary; stock up 3%
Vedanta will demerge the mining biz into six independent “pure play” units; it will help its parent manage debt
Vedanta shares extend rally on demerger plan; surge 12% in 2 sessions
Billionaire Anil Agarwal-led firm to demerge its diversified business into six separate listed companies, which will unlock value for its shareholders
Vedanta announces demerger of business into 6 listed companies
Mining major says demerger to simplify its "corporate structure" and provide opportunities to global investors to directly infuse funds in these pure-play firms
Vedanta shares rise 2% after hitting 52-week low in previous session: here’s why
Vedanta plans to restructure its businesses such as aluminum, iron & steel, and oil & gas into separate listed entities, which could help its parent company manage its debt load.
