Vedanta Ltd, a diversified natural resources company, has incorporated a wholly-owned subsidiary Vedanta Base Metals Ltd to house its base metals business. The step is in line with the company’s plan, announced last month, to demerge its businesses into six verticals.
The new subsidiary was incorporated on October 9, and it will have an authorized share capital of ₹100,000 with shares of ₹1 each. Its subscribed capital will also be ₹100,000, with equity shares of ₹1 each.
