Indian miner Vedanta's shareholders, creditors clear way for five-way split
Group Chairman Anil Agarwal launched the plan to overhaul the business in 2023 following an unsuccessful attempt to take Vedanta private in 2020 as its UK parent Vedanta Resources chips away at its debt pile, which stood at $11.36 billion as of September 2024. The five entities from the split would include Vedanta Limited, which will house the company's base metals business, Vedanta Aluminium, Talwandi Sabo Power, Vedanta Steel and Iron, and Malco Energy.