Vedanta Strengthens Financial Operations with New GIFT City Arm

Vedanta Ltd has established a wholly-owned subsidiary at Gujarat's GIFT City to enhance its treasury and capital market operations. This strategic move aligns with Vedanta's objective to achieve financial excellence and capital efficiency while leveraging the regulatory benefits of GIFT City, an emergent international financial hub.

Vedanta Ltd announced on Tuesday the creation of a wholly-owned subsidiary at the International Financial Services Centre in GIFT City, Gujarat, aimed at bolstering its treasury and capital market operations.

The regulatory filing highlighted that this strategic decision is part of Vedanta's larger goal of achieving financial excellence, capital efficiency, and optimizing liquidity management alongside funding costs.

The new entity, Vedanta Finance IFSC Ltd, with a subscribed capital of Rs 2 crore, is set to serve as a financial conduit, seeking to unlock efficiencies and fortify Vedanta's financial framework amid a globally competitive landscape.

(With inputs from agencies.)