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Vedanta Ltd CFO targets mid-May India listings of demerged units
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By Hritam Mukherjee and Neha AroraNEW DELHI, Jan 30 (Reuters) - Oil-to-metals conglomerate Vedanta Ltd aims to list its four planned demerged units on Indian exchanges by mid-May, its finance chief said.
The natural resources group is nearing the end of a planned restructuring, which won approval from India's company law tribunal in December after initial government pushback.
Advertisement AdvertisementAdvertisement AdvertisementIndian newspaper Mint reported that the company first flagged the timeline on Thursday during a call with analysts.
First announced in 2023, the plan was designed to support growth as its UK-based parent Vedanta Resources carried heavy debt, which it has since reduced significantly.
[MET/L](Reporting by Hritam Mukherjee and Neha Arora; Editing by Nivedita Bhattacharjee)