Vedanta Ltd has submitted its demerger scheme to the National Company Law Tribunal (NCLT) after obtaining approvals from lenders, BSE, NSE, and SEBI. The demerger will split the company into six independent entities: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Ltd. The aim is to simplify the corporate structure and attract global investment. Vedanta’s latest financial results show a 36.5% increase in net profit to Rs 3,606 crore for the June quarter. Investors should watch for changes in company structure and potential market impacts.
Vedanta Ltd Files Demerger Scheme with NCLT, Aims for Completion by Fiscal Year-End
