Vedanta debt to be divided among demerged firms in ratio of assets

Mumbai: Mining conglomerate Vedanta Ltd is on track for the demerger of its key businesses, including aluminium, into separate listed companies and allocation of debt across the demerged entities would be done in proportion to their assets, sources familiar with the matter said.

Vedanta announces demerger of business into 6 entities

New Delhi / London: Vedanta Ltd on Friday announced its plan to demerge its business units into independent “pure play” companies to unlock value and attract big-ticket investment into the expansion and growth of each of the businesses.

NSE revises methodology of Nifty equity indices for demergers

Mumbai: NSE Indices, a subsidiary of NSE, has announced the revisions in the treatment of demerger in Nifty equity indices.

ICICI Lombard to buy Bharti AXA General Insurance

Mumbai/IBNS: ICICI Lombard General Insurance has said it has entered into a definitive agreement to buy Bharti Enterprises promoted Bharti AXA General Insurance, according to a media report.