InvestorQ : How and why is Vedanta looking to restructure its business into separate entities?
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How and why is Vedanta looking to restructure its business into separate entities?

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1 week ago
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While the details of restructuring are to be announced, it looks like Vedanta will hive off its 3 core businesses of steel, oil and aluminium into separate listed entities. Vedanta shareholders will be issued proportionate shares in each of these separate entities. Vedanta feels there is a Hindalco, JSW Steel and Exxon hidden in Vedanta but due to the integrated nature of the business, the value is not reflected. That has triggered the merger.

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