Vedanta Gets India Court Nod to Split Businesses Into Five Firms
Billionaire Anil Agarwal’s Vedanta Ltd. has secured approval from an Indian court to break up the sprawling conglomerate, advancing efforts to reduce its multi-billion debt burden at the parent level.
By Shruti Mahajan, Preeti Soni · Bloomberg Markets
Billionaire Anil Agarwal’s Vedanta Ltd. has secured approval from an Indian court to break up the sprawling conglomerate, advancing efforts to reduce its multi-billion debt burden at the parent level.