Vedanta Secures 83% Creditor Approval for Demerger, Paving Way for Restructuring

Vedanta has received 83% creditor approval for its proposed demerger, surpassing the required 75% threshold. The restructuring will split the conglomerate into five independent entities: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Steel and Ferrous Materials, Vedanta Power, and Vedanta Ltd. Shareholders will receive one share in each new entity for every share held. The move aims to simplify operations, attract investments, and unlock growth potential. This milestone marks significant progress in Vedanta's restructuring journey.

 

Sources: CNBC-TV18, Business Standard, Economic Times