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Vedanta head says mulling separately listing different businesses

Chairman Anil Agarwal said that separately listing the different businesses will help the "pure play" businesses grow.

August 25, 2023 / 10:57 IST
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Anil Agarwal - Vedanta Limited

Billionaire Anil Agrawal on August 25 said that Vedanta is considering separately listing all or some businesses, based on feedback from advisors.

In a video message to shareholders, the Chairman of the company which has a diversified presence in oil and gas, metals and mining said that separately listing the different businesses will help the "pure play" businesses grow.

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"This means if you have one share of Vedanta Ltd, you will have many shares of other companies and people will have opportunities to invest in some areas. Some international companies want to invest in a particular area, they will get that opportunity," Agarwal said.

He added that different businesses will help the independent leadership to grow the business to the highest levels. The businesses could focus on creating value and develop several other products within a product, he said.
Agarwal said he would take this forward to the board, once it was appropriate.