New Delhi : Vedanta Ltd on Tuesday said it has incorporated a wholly-owned arm at the International Financial Services Centre in Gujarat's GIFT City to strengthen its treasury and capital market operations.In a regulatory filing, the company said the move is part of its broader objective to achieve financial excellence, capital efficiency, and optimise liquidity management and cost of funding.

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"The proposed subsidiary will act as a financial conduit for treasury and capital market activities, enabling Vedanta to unlock efficiencies and strengthen its financial architecture in a globally competitive environment," the filing said.The newly incorporated subsidiary, Vedanta Finance IFSC Ltd, has a subscribed capital of Rs 2 crore.

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