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Vedanta Gets Demerger Nod From Lenders, Shareholders
Hindustan Times West UP
|February 21, 2025
Vedanta Ltd on Thursday said its shareholders and lenders have approved the splitting of the metals to oil conglomerate into five independent, sector-focused entities.
NEW DELHI:
In a stock exchange filing, Vedanta said 99.99% of shareholders who voted for the demerger scheme supported the move. Parallelly, 99.59% of the secured creditors, and 99.95% of unsecured creditors of Vedanta voted in favour of the demerger.
Mining tycoon Anil Agarwal launched the plan to overhaul the business in 2023 after failing to take Vedanta private in 2020.
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