Vedanta Sets Up New Financial Arm in GIFT City to Boost Treasury Operations

Mumbai, November 19: Vedanta Limited (VEDL) has announced the establishment of its wholly owned subsidiary at Gujarat’s GIFT City. The establishment of the new subsidiary is a part of the company’s strategy, where it is increasing its treasury and capital market operations. The new subsidiary has been named Vedanta Finance IFSC Ltd.

Vedanta Limited (NSE: VEDL, BSE: 500295) is an Indian mining company. It is also a diversified natural resources conglomerate. The company is engaged in exploring, extracting, and processing minerals and oil & gas. The company was established in 1965 and is headquartered in Mumbai, Maharashtra.

Vedanta Forms Vedanta Finance IFSC Ltd

Vedanta has announced that it has established Vedanta Finance IFSC Ltd, with a subscribed capital of ₹2 crore. The subsidiary will operate as the dedicated entity for Vedanta’s treasury and market-related activities.

Growing Corporate Presence in GIFT City

With the establishment of Vedanta Finance IFSC Ltd, Vedanta has joined a growing list of Indian companies that have established their financial entities at GIFT City. Some names include NMDC Ltd, GAIL (India) Ltd, and Aditya Birla Group. This is due to the government’s initiative to make Gift City the main international finance hub.

As per the International Financial Services Centers Authority, Gift City currently has 860 entities across 35 business lines.

Shares Rise 0.29% To ₹512.20

As of 11:21 AM, Vedanta’s share price is up by 0.29%, or 1.50 points, and was trading at ₹512.20. The traded volume stood at 15.38 lakh shares, with the company’s market cap at ₹1,99,704 crore. The shares have their 52-week high at ₹535.50 and their 52-week low at ₹363.

Investor Takeaway for Vedanta

The establishment of Vedanta Finance IFSC Ltd is a positive sign for the company and its shareholders. It will help the company simplify its financial structure and make its treasury and capital market operations stronger. In the future, the subsidiary may also contribute to its revenue and profits. For now, the investor sentiments are high, leading to a share price rise.

REF: https://nsearchives.nseindia.com/corporate/VEDL_18112025184522_VEDLSEIntimationIncorporationofWOSGiftCitysigned.pdf

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