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The metals and mining colossus, Vedanta Ltd, has been reportedly hit by another top-level departure. This time, it&#39;s their Chief Financial Officer Sonal Shrivastava who has stepped down.

No End For Turbulence At Vedanta As Another CFO Steps Down

Anil Agarwal

This rating drop is attributed to Vedanta&#39;s lower-than-expected cash accruals, partly due to shifts in the commodity cycle and higher borrowing costs for recent bond issuances.

Vedanta Shares Have Fallen Almost 30% This Year—This Downgrade Makes Things Worse

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Vedanta has had a tough year at the bourses, but in the past few weeks, the mining giant has generated quite a lot of buzz. As the company looks to demerge its businesses to handle its debt, investors have been giving the conglomerate a keen look. 

If Your Dad Invested ₹10,000 In Vedanta A Decade Ago, Here&#39;s How Much You&#39;d Have Today

mining

The restructuring plan could unlock value and help Vedanta, which holds a 64.9% stake in the subsidiary, service its massive debt load. 

Why Vedanta Shares Are Climbing After Hindustan Zinc&#39;s Board Meeting

WIIM

The demerger could reportedly result in businesses like aluminium, oil and gas and iron and steel becoming individual listed entities.

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