Vedanta Ltd. is nearing a deal to spin off its businesses into several listed entities in a broader restructuring that will help commodities tycoon Anil Agarwal unlock shareholder value, people familiar with the matter said.
The company, whose operations span everything from metals to energy, has informed its lenders of the restructuring and could announce the plans in the coming days, according to the people. Businesses including aluminum, oil and gas, iron and steel will be listed as separate, pure-play entities as part of the move, they said.
