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Credit Market
23 Nov 2021
Vedanta Demerger will impact its bonds
On 17th Vedanta Ltd announced that its board of directors have constituted a subcommittee to evaluate a spinoff of its various commodity categories such as aluminium, iron and steel, and oil and gas businesses into separate listed companies. The objective of de-merger is to bring better transparency in the deployment of the cash surpluses from each business towards reinvestment or towards dividends and shareholder’s value creation.
Subhasis Mishra
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