Anagram Partners Advises Vedanta Limited in 10B Business Restructuring

Anagram Partners acted as legal advisors to Vedanta Limited on a 10 billion restructuring of its key businesses.
By: AP1
MUMBAI, India - Oct. 31, 2023 - PRLog -- Vedanta Limited, India's largest diversified natural resources company valued at USD 10 billion underwent a massive restructuring by way of a demerger of its key businesses into 6 standalone sector-focused entities. Each independent entity will have listed equity, independent management, capital allocation and niche strategies for growth. The restructuring will foster direct investments into the preferred company sector and broaden the investor base for Vedanta assets.

The demerger was a simple vertical split, resulting into 5 newly listed companies:
  • Vedanta Aluminium
  • Vedanta Oil & Gas
  • Vedanta Power
  • Vedanta Steel and Ferrous Materials
  • Vedanta Base Metals

The announcement comes at a time when India is seen among the world's fastest growing economies. The demand for minerals, metals, oil and gas and power expected to rise significantly as the country continues to build a world-class infrastructure. Vedanta's businesses are expected to service this rising demand and reduce reliance on imports.

Anagram Partners acted as the legal advisors to Vedanta Limited. The team was led by Partners, Shuva Mandal and Arka Banerjee and comprised Sanskriti Singh, Vidhisha Ambade, Ashana Shah and Averal Sibal.

For More Info :

Anagram Partners
Tags:Legal Advisors
Location:Mumbai - Maharashtra - India
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Page Updated Last on: Nov 22, 2023
Most Viewed
Daily News

Like PRLog?
Click to Share