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The Wall St. Journal.com reports that Vedanta Resources (LON:VED) plans to take advantage of higher commodity prices and demand for copper and electricity by having two divisions listed.
The Wall St. Journal.com reports that Vedanta Resources (LON:VED) plans to take advantage of higher commodity prices and demand for copper and electricity by having two divisions listed.
The story is quoted as saying:
Vedanta, which is listed in London but focused on India, is considering listing its Zambian Konkola Copper Mines division on the London Stock Exchange by the end of the calendar year and is considering listing its Sterlite Energy division around March, the company’s chairman, Anil Agarwal, said in an interview Thursday. Sterlite Energy currently produces power for commercial consumption in India.