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VEDL - Breaking Down The Vedanta Ownership Structure
Vedanta Limited American Depositary Shares (Each representing four equity shares)
Misunderstood Ownership Structure
Almost every article that I see in the financial news related to Vedanta Resources Ltd. or Vedanta Ltd. (VEDL) treats these entities as one and the same which they are not. This is often convenient for sensational journalism but confusing for investors. I decided to write this article to set the record straight - at least for Seeking Alpha readers.
When I use just "Vedanta" in this article, I am referring to ALL the Vedanta-related entities, regardless of ownership, that are influenced by the family of Indian billionaire, Anil