Vedanta Demerger: Four Spin-Offs to List June 15, Unlocking Shareholder Value
Vedanta's demerger of four companies aims to unlock value and enhance operational focus, signaling a trend in corporate restructuring. Listings begin June 15.
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Verdant Power, Inc is a maker and installer of tidal power and hydroelectric systems. Their primary device is an underwater turbine, similar to a three-bladed wind turbine, that is designed to capture energy from tidal currents and (precipitation-driven) river currents. The company uses the trade term "kinetic hydropower" to distinguish their systems from those based on dam construction. The company's first project, the Roosevelt Island Tidal Energy Project, is several turbines in New York City's East River.
Vedanta's demerger of four companies aims to unlock value and enhance operational focus, signaling a trend in corporate restructuring. Listings begin June 15.
VTechX HubTheir primary device is an underwater turbine, similar to a three-bladed wind turbine, that is designed to capture energy from tidal currents and (precipitation-driven) river currents.
SourceThe company uses the trade term "kinetic hydropower" to distinguish their systems from those based on dam construction.
SourceAsk VTechX Intelligence about Vedanta Power
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