DEMERGER OF VEDANTA #basketballbrand #niftytrading #stockmarket
Channel: Ketan Mali
Date: 30/09/2023

Billionaire Anil Agarwal-owned vedanta limited on September 29 announced creation of independent verticals through demerger of underlying companies, mainly its metals, power, aluminium, and oil and gas businesses to unlock potential value.

“By demerging our business units, we believe that will unlock value and potential for faster growth in each vertical. While they all come under the larger umbrella of natural resources, each has its own market, demand and supply trends, and potential to deploy technology to raise productivity,” Anil Agarwal, Chairman of Vedanta, said in a statement after the board meeting.

#share #investing #stockmarket