Vedanta says it will not undertake any corporate restructure, to continue with existing formation

Vedanta on Tuesday said that it will not undertake any corporate restructure, including demerger and spin-off, and continue with its existing structure.

The development assumes significance in the wake of Vedanta’s board in November last year deciding that the company should undertake a review of the corporate structure and evaluate full range of options and alternatives to unlock value and simplify the corporate structure.