Vedanta Demerger To Provide Shareholders With Shares In 5 Companies | Paisa Live

On July 30, the group announced details of its demerger plan in the share market, revealing that 75% of its secured creditors have approved the proposed demerger. With this approval, the company can now submit the plan to the share markets for further approval. Once the plan receives approval from the share markets, it will be forwarded to the National Company Law Tribunal (NCLT) for final authorization. The demerger is set to result in shareholders receiving shares in five separate companies. This strategic move is aimed at enhancing shareholder value and optimizing the group's operational structure. Stay updated for further developments as the plan progresses through the approval process.