Deals
Vedanta Is Preparing to De-Merge Sprawling Operations
- Move will create host of newly listed companies in India
- It’s aimed at unlocking value and helping parent manage debt
Workers monitor ore bauxite travelling a conveyor at the Vedanta Ltd. Alumina Refinery in Lanjigarh district, Odisha, India
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
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Vedanta Ltd. is preparing to list a number of its key businesses in a broad restructuring effort that, if successful, could help tycoon Anil Agarwal reduce a multibillion dollar debt load, people familiar with the matter said.