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Shareholders Approve Demerger of Vedanta into 5 Independent Cos
February 21, 2025
|The New Indian Express Vijayawada
VEDANTA LTD announced on Thursday that its shareholders and lenders have approved the company's plan to split into five independent entities.
The company, in exchange filing, said 99.99% of the shareholders who voted supported the demerger scheme.
The demerger will result in the creation of five separate companies: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Iron & Steel, and Vedanta Limited. The latter will include Hindustan Zinc, the world's second-largest integrated zinc producer and third-largest silver producer.
هذه القصة من طبعة February 21, 2025 من The New Indian Express Vijayawada.
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