NCLT clears way for meetings of Vedanta shareholders, creditors
The Free Press Journal|November 23, 2024
Mining major Vedanta Ltd on Friday said the Mumbai bench of the NCLT has asked the company to call for a meeting of its secured and unsecured creditors and shareholders in the next 90 days to discuss the proposed demerger.
NCLT clears way for meetings of Vedanta shareholders, creditors

The proposed demerger will create independent companies housing aluminium, oil and gas, power, steel and ferrous materials, and base metals businesses. The existing zinc and new incubated businesses will remain under Vedanta Ltd.

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