This move is part of the implementation of demerging and separately listing business units into independent “pure play” companies on September 29. The objective is to attract investments into the expansion and growth of each of the business units.
Vedanta will create six companies, each as big as the parent firm, Vedanta Resources. Shareholders owning one share of Vedanta Limited will receive an additional one share of each listed company.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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