The Tribune

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New Delhi, November 17

Billionaire Anil Agarwal's Vedanta Ltd on Wednesday said it is mulling restructuring of the mining behemoth that may include demerger and listing of the aluminium, iron amp; steel, and oil and gas businesses as standalone entities.

Rejig plan

• The restructuring plan may include demerger and listing of the aluminium, iron amp; steel, and oil and gas businesses as standalone entities
• A shareholder of Vedanta will hold 4x shares once the plan is approved and implemented — share of Vedanta and those in the three businesses

Under the restructuring being evaluated, Vedanta Ltd and three businesses will operate parallelly, chairman Agarwal said.

"All the three businesses have great potential for growth and we think the model being evaluated will provide natural avenues for growth and enhance shareholder value," he said.

Giving an illustration, he said a shareholder of Vedanta will hold 4x shares once the plan is approved and implemented — share of Vedanta and those in the three businesses.

"This is the global model and if you look at even Indian industry you will find that Hindalco is a separate company and so is Tata Steel. And we can do the same," he said.

Agarwal said Vedanta's Board has constituted a committee of directors to evaluate and recommend options to restructure the group.

"The idea is to do it as early as possible. I can't give a timeframe but it will be very soon," he said. — PTI