Vedanta Ltd on Wednesday said it has incorporated a wholly-owned subsidiary ‘Vedanta Finance IFSC Ltd’ in the International Financial Services Centre (IFSC) at Gift City, Gujarat, to meet the company’s objectives of optimising treasury operations, cost of funding, and liquidity management.

“The proposed subsidiary will serve as a strategic financial hub for Vedanta’s treasury and capital market operations, enhancing operational efficiency, trade finance, and fortifying its financial framework to thrive in a globally-competitive landscape,” the company stated in a regulatory filing with the stock exchanges. The subscribed capital of the company is ₹2 crore.

Public sector companies such as NMDC Ltd and GAIL India Ltd have also established subsidiaries in the IFSC to strengthen treasury cap

See Full Page