Economic TimesLean R·
Vedanta set to demerge real estate biz
Vedanta said its board has approved the demerger of its real estate business into Vedanta Property Platforms Ltd, a new pure-play real estate company, as the mining and metals major looks to unlock value from surplus land and built-up assets across India. The demerger will be done through a scheme of arrangement between Vedanta and Vedanta Property Platforms or VPPL, subject to statutory and regulatory approvals. The company said it will apply to BSE and NSE for no-objection letters in due cour…
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