Vedanta Unlocks Rs 30,000 Crore Real Estate Bet as TN Seeks Land Banks for Commercial Boom

Vedanta is spinning off its surplus real estate into a new listed entity, Vedanta Property Platforms (VPPL), with the board approving the move on Wednesday. Shareholders will get 1 VPPL share for every 20 Vedanta shares. The portfolio spans 2,200 acres of industrial land and 55,000 sq ft of commercial space across Maharashtra, Gujarat, Goa, Karnataka, and Tamil Nadu, with the company eyeing a ₹30,000 crore value-unlocking opportunity in the long term....