Vedanta, the mining conglomerate controlled by billionaire Anil Agarwal, may lose its third chief financial officer in as many years. Sonal Shrivastava, who joined the company in June, has informed Agarwal about her decision to leave. Agarwal is currently in talks with finance professionals for a potential replacement.
Vedanta Ltd: Vedanta, the mining conglomerate controlled by billionaire Anil Agarwal, may lose its third chief financial officer in as many years. Sonal Shrivastava, who joined the company in June, has informed Agarwal about her decision to leave. Agarwal is currently in talks with finance professionals for a potential replacement.
Corporate India is busy restructuring - through mergers, demergers and splits.
That seems to be the new normal as CXOs and boards brainstorm on how to create assets and value.
The pitch rose significantly during the third quarter of this financial year (FY24), translating into $32.9-billion worth of such deals - the highest quarterly total since the HDFC Bank-HDFC merger announced in FY22 Q2.