Vedanta gets demerger nod; 99.99% shareholders (Business Opportunities - Marketing & Sales)
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Vedanta gets demerger nod; 99.99% shareholders | |
Vedanta gets demerger nod; 99.99% shareholders 99.95% lenders support move 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. In a stock exchange filing, Vedanta said 99.99 percent of shareholders who voted for the demerger scheme, supported the move. Parallelly, 99.59 per cent of the secured creditors, and 99.95 per cent of unsecured creditors of Vedanta Ltd 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. The five entities being created from the split would include Vedanta Ltd, which would house the companys base metals. According to Vedantas demerger scheme, every Vedanta shareholder will receive 1 additional share in each of the 4 newly demerged companies on the completion of the demerger process, Vedanta gets demerger nod; 99.99% shareholders, indianpetroplus #Vedanta gets demerger nod; 99.99% shareholders #Indianpetroplus | |
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| Target State: All States Target City : All Cities Last Update : 26 February 2025 11:53 AM Number of Views: 27 | Item Owner : Indianpetroplus Contact Email: Contact Phone: (None) |
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2025-03-04 (0.382 sec)