New Delhi: Vedanta on Tuesday said that it would not restructure the company, including Demerger and spin-off, and continued with the existing structure.
The development assumes the significance after the Vedanta Board in November last year decided that the company must conduct a review of the company’s structure and evaluate various options and alternatives to open the value and simplify the company’s structure.
“The Board of Directors companies have discussed various important policy issues and …
decisions.
The company has concluded this comprehensive review with input from various experts and advisors,” he said.
The Board of Directors concluded that the current structure is optimal and commensurate with the current scale and diverse business lines.
Therefore, the company will not restructure the company including demerger / spin die etc.
and will continue with existing structures, “said Vedanta Ltd in submission to BSE.
The company will be selectively invested in the acquisition, which is a mining with existing businesses or that .
Having synergy with the core business, archiving said.
Capital allocation policy will become the main guidance factor and the company will focus on organic growth, the information will be informed.
The company will consider choosing a merger and acquisition, within the framework of the overall capital allocation, Vedanta.
Word added that he has proven the expertise and record of the successful trail to reverse the business obtained.
The company, the word archiving, will participate in the divestment program that is in accordance with the portfolio.
The offer for BPCL is at the EOI stage and in terms of transactions peaked, the company can carry out business management use by, through setting the appropriate profit distribution or at the cost model of anemanus, he said.
Specific funds, with strategic investors will be arranged to fund investment potential, without utilizing the Vedanta balance sheet, Vedanta noted.
The company subsequently said that the dividend policy was concise and complicated at the same time.
Minimum 30 percent of earnings that are attributed after tax (before the company’s extraordinary) company (excluding Hindustan Profit Ltd.
(HZL)) will be distributed as a dividend, he added.
Dividends of Hindustan Seng will pass, within six months.
It is subject to the evaluation of the council of various factors such as cash flow resistance, economic situation, commodity price cycles, natural disasters, etc., for overall optimal cash management, declared Vedanta.
The Chairperson of the Anil Agarwal Company said, “We will continue to focus on operational performance to increase profitability and free cash flow.
We are committed to the right level of leverage and a strong balance sheet to maximize shareholder value.”