01-01-1970 12:00 AM | Source: Reuters
India`s Vedanta names Holcim exec Sonal Shrivastava as CFO
Indian resources conglomerate Vedanta Ltd on Monday named Holcim AG executive Sonal Shrivastava as its new chief financial officer, effective June 1.
The move comes as Vedanta's parent, Vedanta Resources, tries to trim its debt amid concerns over its ability to meet financial obligations.
It also follows a lapse in Hindustan Zinc Ltd's proposed deal to buy zinc assets from Vedanta for $2.98 billion.
Shrivastava joins Vedanta from the Holcim Group where she worked as the CFO for Asia Pacific, Middle East & Africa operations, Vedanta said in a statement.
Last week, Vedanta posted a 68% slump in fourth-quarter profit amid declining prices of metals.
Latest News
How volatility hit the Indian markets in last three ...
Perspective On IIP Data By Mr. Nish Bhatt, Founder &...
Bajaj Allianz Life`s sustainable & profitable growth...
Muthoottu Mini Announces Strategic Expansion with Ne...
EVs, green hydrogen to propel India`s journey toward...
Quote on Malabar Gold and Diamonds saw an increase i...
Market outlook for next week, key events to watch
Hyundai Motor beats Volkswagen in Q1 operating profit
Astro Zindagi: Weekly Horoscope
Over $320 mn raised by 24 Indian startups this week