Vedanta drops corporate restructuring plan
Anil Agarwal-led Vedanta Ltd has called off its corporate restructuring plan that was designed to demerge its aluminium, iron & steel, and oil & gas businesses and list them on the bourses.
Last November, Vedanta had announced that the board of directors had decided to undertake a comprehensive review of the corporate structure and evaluate a full range of options and alternatives including demerger, spinoffs, and strategic partnerships to unlock value.
It then constituted a committee of directors to evaluate and recommend options and alternatives.
After a comprehensive review based on inputs from various experts and advisors, the company decided it would “not undertake any corporate restructure including demerger/spin off etc.
