Vedanta to spin off four commodity companies


The company will spin off its metals, power, aluminium and oil and gas businesses and an official announcement is likely this week, the source said.. — Reuters

NEW DELHI: Indian conglomerate Vedanta Ltd will separate its commodities businesses into four companies to get better valuations, a source with direct knowledge of the move told Reuters yesterday.

The company will spin off its metals, power, aluminium and oil and gas businesses and an official announcement is likely this week, the source said.

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