Vedanta mulls demerger of some businesses with separate listing & leadership

Billionaire Anil Agarwal-led Ltd is evaluating a demerger of its aluminium, iron & steel and oil & gas businesses, which will be run as standalone listed entities with separate leadership in what it called a value-unlocking exercise. On Wednesday, Vedanta announced the constitution of a committee of directors to evaluate and recommend such options and … Read more

Reliance and Aramco call off the proposed investment deal

Reliance and Saudi Armco have mutually decided to call off the proposed investment by the latter of $15 bn into Reliance’s Oil to Chemicals (O2C) business. “Due to the evolving nature of Reliance’s business portfolio, Reliance and Saudi Aramco have mutually determined that it would be beneficial for both parties to re-evaluate the proposed investment … Read more

Vedanta mulls group restructuring; separate listing of businesses

Billionaire Anil Agarwal‘s on Wednesday said it is mulling a group restructuring that may include demerger and listing of the aluminium, iron & steel, and oil and gas businesses as standalone entities. In a stock exchange filing, the firm said its board has constituted a committee of directors to evaluate and recommend options to restructure … Read more