Vedanta Demerger Approved: Mumbai NCLT Clears Split Into Five Listed Companies After Oil Ministry Objections; Shares Jump
The Mumbai bench of the National Company Law Tribunal approved Vedanta Ltd’s demerger plan on Tuesday, clearing the way for the conglomerate to split into five separately listed businesses. The decision follows months of objections from the Ministry of Petroleum and Natural Gas. Vedanta shares rose up to 4% after the ruling. The written order had not been posted at the time of reporting.