Vedanta Limited Announces Incorporation Of New Company

Written By: Archana L
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Vedanta Resources Plc is a universal varied natural resources entity. It has interest in lead, silver, copper, zinc, iron ore, aluminum, power, oil & gas.

Vedanta Limited Announces Incorporation Of New Company

Vedanta Ltd the Indian subsidiary of Vedanta Resources Plc, announced that pursuant to provisions of regulation 30 of listing regulations, the Company has incorporated, a wholly owned subsidiary.

It is named as Vedanta Star Limited. Vedanta Star Limited comes into existence with effect from April 23, 2018.

Vedanta Star Limited has a paid-up share capital of Rs. 5,00,000, which is divided into 50,000 equity shares of Rs10 each.

Vedanta Resources Plc a London-listed entity.

On April 16, 2018, Vedanta Resources Plc announced the appointment of Srinivasan Venkatakrishnan as Chief Executive Officer (CEO) and a member of the Board of Directors, effective from August 31, 2018.

Srinivasan Venkatakrishnan succeeds Kuldip Kaura, the current Interim CEO of the company.

Read more about: company subsidiary
Story first published: Thursday, April 26, 2018, 12:42 [IST]
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