Vedanta demerger faces objections from NCLT
pre-market1 source ↓written by the desknot a recommendation
The Mumbai bench of the National Company Law Tribunal has reserved its order on Vedanta Ltd’s proposed demerger following objections from the ministry of petroleum and natural gas. Concerns include potential weakening of the oil and gas unit's financial strength and pending claims of ₹16,700 cr. This could delay the creation of five stand-alone companies.
Not investment advice. For informational purposes only.