Vedanta Resources delisting from LSE to complete by September end

Vedanta Resources is the holding company of Vedanta Ltd with 51 per cent stake in the latter

With Vedanta Resources engaged in delisting process, which it expects to complete by September end, the newly-appointed Chief Executive Officer (CEO) Srinivasan Venkatakrishnan has already chalked out a plan for the entity.

“After delisting, which is a simple process and will take only another three-four weeks, our focus would be on sweating all our assets across businesses in Vedanta and also make sure that the planned investments take place properly,” Anil Agarwal, founder and chairman of Vedanta Resources, told Business Standard in a telephonic conversation after the announcement of Venkatakrishnan’s appointment.

Vedanta Resources is the holding company of Vedanta Ltd