Vedanta Ventures into Real Estate Market
NEW DELHI: Vedanta Ltd announced on Wednesday the establishment of a wholly-owned subsidiary, Vedanta Property Platforms Ltd (VPPL), to enter the real estate sector. VPPL will act as a strategic platform for Vedanta’s ventures in real estate and associated activities. This initiative is designed to monetize excess land and non-core property assets while creating a dedicated structure for prospective joint ventures and asset-light strategies to finance growth in its primary metals and energy sectors. According to a filing with BSE, VPPL was incorporated in Mumbai, Maharashtra, on June 22. The subsidiary will provide a strategic framework for engaging in real…