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Brazilian cosmetics giant Natura confirms the sale of The Body Shop to Aurelius Group for £207 million, marking its second major asset sale this year. ....
Vedanta, facing debt repayment challenges, is considering a strategic sale and demerger of its entities to remain liquid. This approach allows the company to choose what to sell and offers tax efficiency. However, splitting the debt among the operating companies may raise concerns for lenders. Vedanta Limited, the holding company, could experience a holding company discount and a decrease in dividend yield. While there may be a short-term bounce, long-term investors are advised to stay away from buying the stock. ....
Government has decided to go ahead with the divestment despite objections from the employees, says private sector can bring more capital and better management techniques. ....