Agarwal, who is counted among India’s richest, had a humble beginning. His grit and mettle might have taken him places now, but the meek Patna boy who could only speak two words in English – “yes” and “no” had started out as a scrap dealer in the 1970s.
As of June 2023 end, promoter group i.e. Vedanta Resources held 68.11 percent in Vedanta Limited or 253 crore shares. This entire holding is pledged with lenders
The demerger is planned as a vertical split, for every one share of Vedanta Limited, the shareholders will additionally receive one share of each of the five newly listed companies
In a conference call following the announcement of demerger, the company’s management spoke about the reason for the demerger, the divided policy and debt allocation for the demerged entities