Vedanta extends demerger deadline till September 30, cites pending govt, NCLT approvals
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Vedanta has extended the deadline of the demerger of its businesses from March 31, 2025 to September 30, 2025 citing pending approvals from government authorities and National Company Law Tribunal (NCLT). The company announced about the development late on Friday. Shares of Vedanta had ended at Rs 462.90 on the NSE, down by Rs 9.45 or 2%. The mining conglomerate is looking to demerge its businesses - aluminium, oil & gas, power and steel- as separate entities. At present, these businesses are subsumed within Vedanta Ltd, which is an Indian arm of UK-based Vedanta Resources. Post the demerger, every Vedanta shareholder - both retail and institutional - will receive one new share in each of the newly demerged companies. There will be no change in the overall shareholding structure, the letter said. Live Events Chairman Anil Agarwal in his recently written letter to the shareholders, said that investments in the company at the start of t...