Indian miner Vedanta's shareholders, creditors clear way for five-way split
Vedanta's shareholders and lenders have approved the oils-to-metals conglomerate's plans to split into five separate entities, the company announced on Thursday, with nods from nearly all of its secured and unsecured creditors.
Vedanta shares rise after getting shareholders & creditors nod for demerger
Vedanta will be split into five resulting companies - Vedanta, Vedanta Aluminium Metal, Talwandi Sabo Power Limited, Malco Energy, and Vedanta Iron and Steel
Vedanta shares gain as company gets approval to split into five separate entities
Vedanta Ltd has received a go-ahead from its shareholders and creditors for its proposed plan to demerge into five sector-specific units, each dedicated to aluminium (Vedanta Aluminium), crude oil (Vedanta Oil & Gas), power (Vedanta Power), ferrous products (Vedanta Iron and Steel) and silver and zinc (through itself, Vedanta Ltd, and HZL).
Vedanta Creditors Clear Split of India Business Into Five Units
Vedanta Ltd.’s creditors and shareholders approved a long-standing plan to split the Indian mining conglomerate into five businesses, a step that will simplify the group’s structure and reduce its debt burden.
Vedanta shares rise after demerger approval from shareholders and creditors
Vedanta shares rise 1.99% after shareholders and creditors approve demerger into five entities, boosting investor confidence in restructuring and positioning the company for long-term growth.
Vedanta Demerger Plan: Business split approved by 83% creditors; check new companies names
Vedanta Demerger Plan Creditors Vote, Vedanta Companies Names: Anil Agarwal's Vedanta Limited has secured creditors approval for the demerger or business split. Vedanta new companies names have been announced.
Vedanta Creditors Meet Tuesday to Vote on India Demerger Plan
Vedanta Ltd.’s creditors will meet Tuesday to give their final verdict on a plan to split the Indian mining conglomerate into at least five different businesses, a key step in a months-long effort to simplify the group’s structure and help manage its debt burden.
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Vedanta a re-rating candidate post demerger? Here is a scenario analysis
Post the demerger, existing Vedanta shareholders will receive one share each of the five new entities, which will have focus ...
Vedanta, Nalco shares: Target prices for these metal stocks
Nalco’s stock is factoring in alumina price of $450 per tonne, said Emkay Global. It sees upside skew in earnings for Nalco ...
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Nalco, Vedanta, Hindalco Stocks Poised For More Profitability, Returns, Says Emkay
National Aluminum Co., Vedanta Ltd., and Hindalco Industries Ltd. are key players in the metal and mining sector, poised to ...
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Vedanta's Bold Move: Splitting Into Five New Powerhouses
Vedanta Ltd announced its shareholders and lenders have approved demerging the firm into five distinct, sector-focused ...
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Vedanta emerges as preferred bidder for MP diamond block
Vedanta Ltd on Friday said it has been declared as preferred bidder for a diamond mine in Madhya Pradesh. The company said it is the highest bidder with a final price offer of 1.10 per cent.