https://www.taxtmi.com/news?id=34627 The proposed demerger was approved by shareholders and creditors to create five independent sector-specific companies, with each Vedanta shareholder to receive one additional share in each of four newly demerged entities; the retained company will incubate new businesses. The scheme aims to focus management, streamline operations, unlock value through separate capital market access, and enable distinct investor and lender engagement. Implementation is subject to receipt of all relevant statutory, governmental and regulatory approvals. en-us Thu, 20 Feb 2025 10:01:03 +0530 Thu, 20 Feb 2025 10:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34627 The proposed demerger was approved by shareholders and creditors to create five independent sector-specific companies, with each Vedanta shareholder to receive one additional share in each of four newly demerged entities; the retained company will incubate new businesses. The scheme aims to focus management, streamline operations, unlock value through separate capital market access, and enable distinct investor and lender engagement. Implementation is subject to receipt of all relevant statutory, governmental and regulatory approvals. News - Thu, 20 Feb 2025 10:01:03 +0530 https://www.taxtmi.com/news?id=34627