Vedanta Resources plans to relist; US likely; eyeing $100 billion

Vedanta Resources chairman Anil Agarwal announced plans to relist the parent company, potentially on a US exchange, after its 2018 delisting from the London Stock Exchange. Agarwal outlined a vision to channel approximately $100 billion into India, citing the need for fresh capital raise to fund growth across the group's aluminium, hydrocarbons, and other businesses. He noted that the oil and gas division could emerge as Vedanta's largest revenue contributor, given the government's increasingly supportive stance on exploration with longer lease tenures.