London-listed Vedanta Resources is ready to begin a massive break-up of its business with the demerger of its $20bn (£13bn) aluminium division. The new firm will be the world’s fourth biggest aluminium player, behind Russia’s United Company Rusal, America’s Alcoa and China’s Chalco.
See http://www.independent.co.uk/news/business/news/vedanta-kicks-off-breakup-with-20bn-aluminium-float-1920906.html.