{"id":607572,"date":"2023-09-30T11:01:31","date_gmt":"2023-09-30T05:31:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=607572"},"modified":"2023-09-30T12:29:32","modified_gmt":"2023-09-30T06:59:32","slug":"vedanta-to-demerge-business-into-six-separate-listed-firms","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-to-demerge-business-into-six-separate-listed-firms\/","title":{"rendered":"Vedanta to demerge business into six separate listed firms"},"content":{"rendered":"<p>Mining magnate Anil Agarwal\u2019s conglomerate on Friday announced a major business shake-up, with flagship Vedanta Ltd approving a spin-off of its metals, power, aluminium and oil and gas businesses into separate listed entities and an overhaul of lucrative zinc unit planned as part of value creation and reducing debt load. <\/p>\n<p>The company\u2019s Board approved six separate listed companies \u2014 Vedanta Aluminium, Vedanta Oil &amp; Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals and Vedanta Ltd. <\/p>\n<p>\u201cThe de-merger is planned to be a simple vertical split, for every 1 share of Vedanta Ltd, the shareholders will additionally receive 1 share of each of the five newly listed companies,\u201d the statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mining magnate Anil Agarwal\u2019s conglomerate on Friday announced a major business shake-up, with flagship Vedanta Ltd approving a spin-off of its metals, power, aluminium and oil and gas businesses into separate listed entities and an overhaul of lucrative zinc unit planned as part of value creation and reducing debt load. The company\u2019s Board approved six separate listed companies \u2014 Vedanta Aluminium, Vedanta Oil &amp; Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals and Vedanta Ltd. \u201cThe de-merger is planned to be a simple vertical split, for every 1 share of Vedanta Ltd, the shareholders will additionally receive [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,223,150],"tags":[],"class_list":["post-607572","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-tribune","category-the-tribune"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/607572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=607572"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/607572\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=607572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=607572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=607572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}