Vedanta Ltd is considering to separately list all or some of its businesses, which range from metals and mining to oil & gas and likely semiconductor chip making, said a Reuters report citing Anil Agarwal, the Founder and Chairman of Vedanta Group, one of the largest and diversified natural resources groups globally.
In a video message posted on YouTube, Agarwal said, "I have asked all my advisors and my people can we have all products (businesses that Vedanta operates) or some products to be independent,"
In a video message posted on YouTube, Agarwal said, "I have asked all my advisors and my people can we have all products (businesses that Vedanta operates) or some products to be independent,"
"If you have one share of Vedanta Ltd, you will have many shares of other companies and people will have an opportunity to invest in different areas. Some international companies want to invest in a particular area, they will get that opportunity," he said.
Earlier today, Vedanta stock falls 0.65% amid week market.
Notably, Vedanta had initiated proceedings against the Government of India for seeling an additional share in profit while renewing the company's licence for an oil block in Rajasthan's Barmer.
Agarwal wanted Hindustan Zinc, a unit of Vedanta Ltd, to buy some of Vedanta's zinc assets in a $2.98 billion deal, in order to bring down the group's $7.7-billion debt. However, the government of India which owns nearly 30% stake in Hindustan Zinc, opposed this move.
In early of last month, Vedanta announced the addition of semiconductors and display glass manufacturing ventures to its diversified portfolio.
In April, Vedanta signed memoranda of understanding (MoU) with 20 Korean companies from the display glass industry for the development of an electronics manufacturing hub in India.
Earlier today, Vedanta stock falls 0.65% amid week market.
Notably, Vedanta had initiated proceedings against the Government of India for seeling an additional share in profit while renewing the company's licence for an oil block in Rajasthan's Barmer.
Agarwal wanted Hindustan Zinc, a unit of Vedanta Ltd, to buy some of Vedanta's zinc assets in a $2.98 billion deal, in order to bring down the group's $7.7-billion debt. However, the government of India which owns nearly 30% stake in Hindustan Zinc, opposed this move.
In early of last month, Vedanta announced the addition of semiconductors and display glass manufacturing ventures to its diversified portfolio.
In April, Vedanta signed memoranda of understanding (MoU) with 20 Korean companies from the display glass industry for the development of an electronics manufacturing hub in India.
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