04
Oct
10:38
Vedanta to demerge businesses, including steel
Vedanta says it plans to demerge its business units into independent companies to unlock value and attract big-ticket investment into the expansion and growth of each of the businesses, Kallanish notes.
According to the company, Vedanta’s board approved an asset-owner business model that will ultimately result in six separate listed companies, including Vedanta Steel and Ferrous Materials, Vedanta Aluminium, and Vedanta Base Metals. The other companies inclu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous