Monday, November 25
Vedanta announced on Friday that its demerger plan is on track and in its final stages. The mining conglomerate further said in an exchange filing that it has meetings planned in the upcoming months with its shareholder and creditors to ensure timely conclusion of the move.Vedanta Ltd on Friday reported a profit of Rs 5,603 crore for the quarter ended September 2024 as against as loss of Rs 915 crore in the same quarter of last year. Revenue from operations, meanwhile, declined 4% year-on-year to Rs 37,171 crore in the quarter ended September 2024. The same stood at Rs 38,546 crore a year ago.The Anil Agarwal-led mining giant is set to complete the demerger of its key businesses into separate listed entities by the end of FY25, it had said earlier. Under the plan, separate companies will b
