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Anil Agarwal unveils 3D strategy to double Vedanta's business size

Billionaire industrialist Anil Agarwal has revealed plans to double the size of his mining giant Vedanta through a strategy centred around demerger, diversification and deleveraging, according to a report by the Press Trust of India. Speaking at Vedanta Ltdu2019s 60th annual general meeting (AGM) on July 4, Agarwal told shareholders that each of the businesses being demerged has the potential to grow into a $100-billion company.

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Anil Agarwal unveils 3D strategy to double Vedanta's business size

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  1. ANIL AGARWAL UNVEILS 3D STRATEGY TO DOUBLE VEDANTA'S BUSINESS SIZE

  2. INTRODUCTION Speaking at Vedanta Ltd’s 60th annual general meeting (AGM) on July 4, Agarwal told shareholders that each of the businesses being demerged has the potential to grow into a $100-billion company. “Our 3D strategy—demerger, diversification and deleveraging — will enable us to double in size and unlock maximum value for our stakeholders,” he said. “Our demerger proposal has received support from over 99.5 per cent of shareholders and creditors. This is a vote of confidence like no other,” he added, pointing out that the company is in the final stages of restructuring.“Once implemented, for every share held in Vedanta Ltd, each shareholder will receive one share in each of the four demerged companies.”

  3. FOCUS ON TECHNOLOGY AND INNOVATION Vedanta also plans to collaborate with 1,000 startups in the technology sector.“This will make Vedanta one of the largest innovation hubs, nurturing the next generation of technology champions who will shape the future of Bharat,” Agarwal said at the AGM. Following the demerger, Vedanta will form independent companies focused on aluminium, oil and gas, power, iron and steel, and zinc and silver.

  4. SHARE PRICE IMPACT AND DEBT EXPOSURE Shares of Vedanta Ltd dropped by 3.38 per cent following the release of the report. Hindustan Zinc Ltd (HZL), a subsidiary of Vedanta Ltd, also saw its shares fall by 2.56 per cent. These declines raise concerns, as the entire stake of VRL in Vedanta Ltd is pledged, and 93.5 per cent of Vedanta Ltd’s stake in HZL is also pledged with lenders.

  5. Vedanta Ltd, a unit of UK-based Vedanta Resources, operates in India, South Africa, Namibia, Liberia, the UAE and Saudi Arabia, spanning oil and gas, metals, minerals, power and electronics. Agarwal pointed out that while India’s geology is comparable to resource-rich countries like Canada and Australia, only about 25 per cent has been explored so far. The company has secured 10 critical mineral blocks across the country, one of the highest by any private firm. Read More - https://www.business- standard.com/companies/news/anil-agarwal- vedanta-3d-strategy-demerger- diversification-deleveraging- 125071001012_1.html

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