Vedanta gets NCLT nod for demerger plan

Vedanta's plan to demerge its oil-to-metals conglomerate into five separate listed entities has received approval from the National Company Law Tribunal (NCLT). This development comes despite earlier concerns from the government regarding the recovery of dues. Following the news, Vedanta's shares turned positive, rising 3.5%.

from Industry-Economic Times https://ift.tt/PGITKd3
via IFTTT