New Delhi: Vedanta Ltd on Tuesday announced that it has set up a wholly owned subsidiary at the International Financial Services Centre (IFSC) in GIFT City to bolster its treasury and capital market operations.

According to the regulatory filing, the new entity, Vedanta Finance IFSC Ltd, with a subscribed capital of ₹2 crore, will function as the Global Treasury Centre to manage the treasury activities of the Vedanta Group.

“The proposed subsidiary will serve as a strategic financial hub for Vedanta’s treasury and capital market operations, enhancing operational efficiency, trade finance, and strengthening its financial framework to thrive in a globally competitive landscape,” the filing stated.

Vedanta becomes the latest major corporate to establish a financial arm in GIFT City, joining both public and private sector companies such as NMDC Ltd, GAIL (India) Ltd, and the Aditya Birla Group. These entities have been leveraging the IFSC’s regulatory advantages, global market access, and favourable tax regime.

The move aligns with the government’s plan to position GIFT City in Gandhinagar as a leading international financial hub. DeshGujarat