Vedanta Shares Surge 9% on NCLT Approval of Demerger Plan

Vedanta shares hit a new high after NCLT approved its demerger plan, with the company splitting into five distinct businesses.

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Vedanta Shares Surge 9% on NCLT Approval of Demerger Plan

Vedanta Shares Surge 9% on NCLT Approval of Demerger Plan
Vedanta Ltd. reached a new record high of ₹580.45 per share on December 17, following the Mumbai Bench of the NCLT’s approval of the company’s demerger plan. The company will split into five independent, sector specific businesses, including Vedanta Aluminium, Oil & Gas, Iron & Steel, Power, and Vedanta Limited. This demerger is aimed at enhancing operational focus and unlocking long term value for shareholders, with each entity having its own capital structure and strategic direction.