Vedanta Limited denies reports of possible merger with Vedanta Resources

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Vedanta Limited has quashed media reports that the company is in preliminary talks with prospective advisors regarding the idea of merging the company with .

The mining company said that it strongly denies the reports as both speculative and misleading to its investors.

stated: “No such proposal is under consideration, and we categorically deny any such rumours.”

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It has been a subsidiary of the UK-based Resources Limited, which is an oil and gas and metals company with a significant operational presence in , South Africa, and Namibia.

Vedanta Limited had ended 2021 by acquiring Nicomet, a Goa-based producer of battery grade nickel sulphate crystals which are used for the manufacturing of electric vehicle batteries.


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