NCLT concludes Vedanta demerger hearing, verdict pending
after close1 source ↓written by the desknot a recommendation
- against the company
- ₹16,700 crore
The National Company Law Tribunal has wrapped up its hearing on the Vedanta demerger proposal, reserving its verdict. The government raised objections, citing pending claims of ₹16,700 crore against the company. Vedanta aims to create independent entities in sectors like aluminium, oil and gas, and power.
Immediate implications for traders include potential volatility as the market awaits the tribunal's decision.
Not investment advice. For informational purposes only.