Vedanta’s five companies unlocked approximately 20% value following a major corporate restructuring. While four newly demerged businesses experienced early gains that turned into losses on their stock exchange debut, their combined value, along with the residual entity, saw a significant increase. This demerger aimed to simplify the group’s structure and unlock value for each pure-play business.
GIC shares decline 6% as Rs 3,088 crore OFS opens at 9% discount
The government is set to divest up to a 5% stake in General Insurance Corporation of India (GIC) through an offer for sale, opening today