Vedanta Ltd has received approval from 99.99% of its shareholders and 99.95% of its lenders for its demerger into five independent companies, including Vedanta Aluminium, Vedanta Oil & Gas, and Vedanta Power.
Tag: Demerger
Vedanta to Seek Final Shareholders’ and Creditors’ Approval for Demerger on February 18
Vedanta Ltd. will hold meetings of its equity shareholders and secured and unsecured creditors on February 18 to seek approval for its proposed demerger, which aims to create five separate entities focused on aluminum, power, oil and gas, steel and ferrous, and other existing businesses.
