Vedanta Resources denies stake sale buzz!

Resources Limited has dismissed recent media reports suggesting that it was planning to sell its stake in Vedanta Limited, Vedanta Aluminium or any other company within the Vedanta Group. In a statement issued on Wednesday, the parent company said there was currently no such plan. “Vedanta Resources Limited denies the recent media speculation regarding a purported sale of its shareholding in Vedanta Limited, Vedanta Aluminium, or any other Vedanta group company, and confirms that there is currently no such plan,” a company spokesperson said. The clarification comes amid the group's ongoing restructuring and deleveraging efforts. Focus remains on ‘five Vedantas’ Vedanta Resources said its focus continues to be on expanding its businesses and unlocking value for shareholders through the proposed demerger of Vedanta Limited into five separate companies.