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Vedanta debt to be divided among demerged firms in ratio of assets

Vedanta debt to be divided among demerged firms in ratio of assets

Apr 03, 2024, at 05:39 am

Mumbai: Mining conglomerate Vedanta Ltd is on track for the demerger of its key businesses, including aluminium, into separate listed companies and allocation of debt across the demerged entities would be done in proportion to their assets, sources familiar with the matter said.