The conglomerate led by mining magnate Anil Agarwal unveiled a substantial business restructuring plan on Friday. As part of this strategic move, Vedanta's flagship company has given the green light to spin off its metals, power, aluminum, and oil and gas businesses into separate listed entities.
Anil Agarwal said, "the EoI for Jet Airways by Volcan was exploratory in nature. On further evaluation and considering other priorities, we intend to not pursue this further."
Vedanta will need approval for waivers from its lenders prior to delisting, as it has a requirement under its bank loans to remain listed.
Anglo American is one of the top five mining companies in the world and owner of the world’s biggest diamond producer De Beers
In a setback to mining mogul Anil Agarwal, the government today said it will not allow him to merge subsidiary Cairn India with his flagship firm Vedanta Ltd unless the Rs 10,247 crore tax issue is settled.
New Delhi: Anil Agarwal-led mining firm Vedanta said it has received necessary government approvals and will resume operations starting today at its biggest iron ore mine at Codli in Sanguem taluka in Goa."The company has
Jaipur: Mining baron Anil Agarwal is mulling merging cash-cows Cairn India and Hindustan Zinc into his flagship Vedanta Group firm to create a global natural resources giant to rival Rio Tinto or BHP Billiton.In an
New Delhi, Nov 28: Metal king Anil Agarwal wants to hand over the reins of his $14-billion Vedanta Group to a professional chief executive over the next 3-4 years as he plans to take the
Top News
Latest News
