Indian metals-to-oils conglomerate Vedanta has announced plans to demerge its business units into independent ‘pure play’ companies to unlock value, get investments, the company said in a statement on Friday.
“By demerging our business units, we believe that will unlock value and potential for faster growth in each vertical. While they all come under the larger umbrella of natural resources, each has its own market, demand and supply trends, and potential to deploy technology to raise productivity,” said Anil Agarwal, Chairman of Vedanta.
