Vedanta Resources plans to relist; US likely; eyeing $100 billion
· economictimes.indiatimes.com
Anil Agarwal plans to relist Vedanta Resources, potentially in the US. The group intends to invest $100 billion in India's metals and minerals sector. Vedanta will be restructured into five separate listed companies. This move aims to scale businesses independently and meet the country's growing resource demand. Agarwal sees significant potential in the oil and gas division.
The metals magnate is turning his commodities conglomerate into five listed firms that could help them scale independently as the country presses on to raise pr...