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Vedanta gets approval of its 75% secured creditors for demerger

Vedanta gets approval of its 75% secured creditors for demerger

Jul 31, 2024, at 04:20 am

Mumbai: Mining conglomerate Vedanta announced that 75 percent of its secured creditors have approved its proposed demerger of businesses, a major milestone in the company's strategy to separate into six independent listed entities.

Vedanta announces demerger into six separate entities EBITDA target of $10 billion

Vedanta announces demerger into six separate entities EBITDA target of $10 billion

Jul 11, 2024, at 11:09 pm

New Delhi: In a major move poised to redefine its market presence and shareholder engagement, Vedanta Ltd. announced the demerger of its conglomerate into six separate entities at its 59th Annual General Meeting on Thursday.