简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Sept 28 (Reuters) - Indias Vedanta Ltd (VDAN.NS) will separate its commodities businesses into four
Sept 28 (Reuters) - Indias Vedanta Ltd (VDAN.NS) will separate its commodities businesses into four companies to get better valuations, a source with direct knowledge of the move told Reuters on Thursday.
The conglomerate will spin off its metals, power, aluminium and oil & gas businesses, the source said, adding that an official announcement is likely this week.
The move will need shareholder and other regulatory approvals and the process could take two to three months, the source said, declining to be named as they are not authorised to speak to the media.
Vedanta did not immediately respond to a Reuters request seeking comments.
On Wednesday, Bloomberg News reported that Vedanta is nearing a deal to spin off its businesses into several listed entities as part of a broader restructuring plan.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.