https://www.taxtmi.com/news?id=34652 Approval has been secured for Vedanta Ltd's demerger scheme by an overwhelming majority of voting shareholders and creditors to split the company into five sector-focused entities. The scheme provides that each existing shareholder will receive one additional share in each of the four newly demerged companies on completion. The restructuring aims to sharpen managerial focus, streamline operations, unlock value, attract distinct investors and facilitate targeted capital market access. Implementation remains subject to receipt of all statutory, governmental and regulatory approvals, including inter alia from the National Company Law Tribunal. en-us Thu, 20 Feb 2025 13:01:03 +0530 Thu, 20 Feb 2025 13:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34652 Approval has been secured for Vedanta Ltd's demerger scheme by an overwhelming majority of voting shareholders and creditors to split the company into five sector-focused entities. The scheme provides that each existing shareholder will receive one additional share in each of the four newly demerged companies on completion. The restructuring aims to sharpen managerial focus, streamline operations, unlock value, attract distinct investors and facilitate targeted capital market access. Implementation remains subject to receipt of all statutory, governmental and regulatory approvals, including inter alia from the National Company Law Tribunal. News - Thu, 20 Feb 2025 13:01:03 +0530 https://www.taxtmi.com/news?id=34652