News Post

Vedanta demerger: Key lenders signal green light after months of deliberation

Livemint

· 2m
placeholder-image

Lenders to Vedanta Ltd., led by Anil Agarwal, have agreed to support the demerger of the group's flagship company. The delay was due to the allocation of $7bn of debt owed to Vedanta's creditors in India. The demerger would enhance margins and transparency and potentially allow Vedanta's group companies to seek fresh lines of credit for growth capital. Once final approval is granted, the demerger could be completed within the next 6-9 months. The demerger would create six independent verticals: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals and Vedanta Ltd.

No Comments yet

Download the medial app to read full posts, comements and news.