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
Vedanta Announces Demerger Of Diversified Businesses menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Vedanta to demerge units into six independent listed entities thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
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