Vedanta Resources plans to relist; US likely; eyeing $100 billion (opens original article in a new tab)

Vedanta Resources plans to relist in the US to raise funds for a $100 billion investment in India's metals and minerals sector, splitting into five listed firms.

• Vedanta Resources plans to relist as a holding company, possibly in the US, to raise funds for a $100 billion investment in Indian metals and minerals.
• Anil Agarwal aims to split the conglomerate into five listed firms to scale independently, following the removal of obstacles for business under India's self-reliance push.
• The hydrocarbons division is expected to be the largest revenue source, with the government supporting exploration through favorable policies.