MUMBAI, India--(BUSINESS WIRE)--Vedanta Limited (“Vedanta”) announced in an exchange filing that the resolutions listed in its Notice of Equity Shareholders, Secured Creditors, and Unsecured ...

Anil Agarwal-led Vedanta is all set to demerge its business with the tentative demerger date in January 2025. The Vedanta Limited Board had, in 2023, approved a pure-play, asset-owner business ...

Vedanta has secured creditor approval for its demerger, surpassing the required 75% support with 83%. This restructuring will divide the company into five separate businesses, enhancing individual ...

The move aligns with Vedanta's broader deleveraging strategy. As of December quarter, its net debt-to-EBITDA ratio improved to 1.4x from 1.9x in Q1 FY24, with a 1x medium-term target. The loan, taken ...