Vedanta demerger approved into five listed companies
after close1 source ↓written by the desknot a recommendation
India’s National Company Law Tribunal approved Vedanta's demerger, allowing the separation of its operations into five listed entities. Shareholders will receive one share in each new company for every Vedanta share held. The tribunal deemed the scheme fair and reasonable, despite potential future regulatory challenges. 📈
• Zinc and silver operations remain with the parent company.
• Government objections were rejected, paving the way for restructuring.
• Final clearances are still pending.
Not investment advice. For informational purposes only.