Vedanta considering restructuring in India

Multi-metal mining giant Vedanta Resources led the risers on Tuesday, finishing the day up 7% on speculation of a group restructuring.

Multi-metal mining giant Vedanta Resources led the risers on Tuesday, finishing the day up 7% on speculation of a group restructuring.

In response to media speculation regarding a potential group restructuring, the company said that its "strategy is to simplify and consolidate its corporate structure".

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

However, the company gave no more information regarding its "strategy" but said that "management reviews options to deliver this strategy on an ongoing basis and will update the market as appropriate," the company announced this afternoon.

BC

MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.