Ajay Goel, currently incumbent CFO at Indian edtech startup Byju s, will return as Vedanta s CFO effective from Oct. 30, the company said in a statement.
Shrivastavas departure will add to Agarwals woes as his holding company, Vedanta Resources, faces about $3 billion of bond repayments in the next two years. The group has been engaging with bondholders on a potential restructuring of terms for the upcoming maturities. Her resignation, if accepted, will follow that of G. R. Arun Kumar, who left in 2021 after a failed attempt by Agarwal to take the Mumbai-listed company private, and Ajay Goel, who quit earlier this year.
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The new subsidiary was incorporated on October 9, and it will have an authorized share capital of ₹100,000 with shares of ₹1 each. Its subscribed capital will also be ₹100,000, with equity shares of ₹1 each.