Kolkata, March 18 -- Vedanta Ltd. Chairman Anil Agarwal has said he envisions that each of the demerged companies has the potential to grow into a $100 billion company.
In a letter to shareholders, Agarwal reaffirmed the company's commitment to unlocking value and driving India's natural resources sector. Vedanta's proposed demerger will create four independent natural resource-focused entities with management structures, capital frameworks, and strategic priorities, according to a media statement here on Tuesday.
Agarwal highlighted the need for pure-play businesses and how the proposed demerger will help Vedanta achieve this. He emphasized that stakeholders will directly benefit from the company's proposed move while Vedanta's unique a...