Anil Agarwal Unveils Major Revamp, 6-Way Split To Ease Vedanta Debt Crisis?

Vedanta’s share has surged nearly 11 percent in 2 days on hopes that the big restructuring plans announced on Friday will unlock shareholder value. However, the optimism over the 6-way demerger is tempered by the parent company’s debt scenario. The company has to pay back nearly 4 and a half billion dollars in the next 18 months.