Vedanta Secures Creditor Nod for Demerger Plan

Vedanta Ltd. has received approval from creditors holding 83% of its debt value, surpassing the required 75%, for its demerger plan. This restructuring will split the conglomerate into five independent entities: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, and the existing Vedanta Ltd. Shareholders will receive one share in each new entity for every share held. The move aims to streamline operations, unlock value, and attract investors focused on specific sectors. Shares closed at ₹417 on February 18, up 0.3%.

Source: Financials Express