Vedanta’s Big Split Stumbles: Govt Roadblocks, Fresh Delays & What It Means for Investors
SEBI Greenlights Documents, But Final Approval Awaits Vedanta’s journey to split its diverse empire reached a tentative milestone when the Securities and Exchange Board of India (SEBI) approved the documentation for the demerger plan reuters.com. This essentially meant the market regulator did not object to the revised scheme on record, after earlier compliance checks. SEBI’s nod was crucial – the National Stock Exchange had already issued a no-objection certificate, and Vedanta’s shareholders and creditors had overwhelmingly approved the restructuring (with 99.99% of shareholders in favor, according to filings) in prior votes icicidirect.com icicidirect.com. However, SEBI’s clearance alone isn’t the finish line. The demerger