Singhania-backed fund exits Vedanta group post-demerger

Sunil Singhania-backed Abakkus Flexi Cap Fund has exited its holdings in Vedanta group companies after the conglomerate's demerger, according to a report from The Economic Times.

The fund sold its stakes in Vedanta Ltd and other group entities following the demerger that split the metals and mining conglomerate into separate listed companies. The move comes as the fund rebalances its portfolio.

Vedanta completed a demerger in 2024, separating its aluminium, oil and gas, and zinc businesses into distinct entities. The restructuring was aimed at unlocking value for shareholders.

Abakkus Flexi Cap Fund, managed by Abakkus Asset Manager, had held positions in the group prior to the demerger. The exit was reported in the fund's latest portfolio disclosure.