By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Latest World News UpdateLatest World News UpdateLatest World News Update
Notification Show More
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
  • Legal Talk
Reading: For every share of Vedanta shareholders to get 1 share each of the 5 demerged companies – World News Network
Share
Latest World News UpdateLatest World News Update
Font ResizerAa
Search
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
  • Legal Talk
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > For every share of Vedanta shareholders to get 1 share each of the 5 demerged companies – World News Network
Business

For every share of Vedanta shareholders to get 1 share each of the 5 demerged companies – World News Network

worldnewsnetwork
Last updated: July 31, 2024 12:00 am
worldnewsnetwork
Share
3 Min Read
SHARE

Mumbai (Maharashtra) [India], July 31 (ANI): Indian mining company Vedanta Limited has announced that it has received approval from 75 per cent of its secured creditors to proceed with its demerger scheme.
This clearance allows Vedanta to seek approval from stock exchanges and subsequently file the demerger scheme with the National Company Law Tribunal (NCLT).
The company’s demerger aims to create sector-focused entities aligned with India’s global leadership ambitions in critical minerals, energy security, renewables, and technology sectors, as per its filing.
The company further added in the filing that the demerger will simplify Vedanta’s corporate structure by establishing independent businesses. In addition, the move will also offer global investors direct investment opportunities in specialised companies.
Earlier this month, at Vedanta’s Annual General Meeting, Anil Agarwal, Chairman of Vedanta Ltd., stated, “The demerger of our businesses will lead to the creation of six strong companies, each a Vedanta in its own right. This will unlock massive value. Each demerged entity will chart its own course but will follow Vedanta’s core values, its enterprising spirit, and global leadership.”
After the demerger, Vedanta’s existing businesses will be structured into six independent companies. These companies are Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Limited.
The proposed demerger is seen as a strategic move to enhance Vedanta’s operational efficiencies and provide greater clarity to investors by allowing them to invest directly in distinct segments of the business, the company said.
The demerger is planned to be a simple vertical split, for every 1 share of Vedanta Limited, the shareholders will additionally receive 1 share of each of the 5 newly listed companies.
At the opening of the day’s trade, the stocks of the company touched the level of 453, up 0.45 per cent. The stock of the company has performed well over the last year. The shares have risen 191.15 points or around 74 per cent.
Vedanta has a track record of giving strong returns to its shareholders. As of 30 June’24, Vedanta’s total shareholder return over 5 years stood at 276 per cent, while the 5-year average accumulated dividend yield at 65 per cent, delivering significant value for shareholders. (ANI)


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

Nitin Gadkari promises single-digit logistics cost in India by 2026 – World News Network

India’s forex reserves currently at $693.6 billion, inching towards fresh all-time high – World News Network

India’s forex reserves currently at $693.6 billion, inching towards fresh all-time high – World News Network

Output growth forecast for Taiwan semiconductors increased – World News Network

Output growth forecast for Taiwan semiconductors increased – World News Network

Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Flight operations disrupted at Leh airport due to inclement weather, 16 cancellations in four days – World News Network
Next Article “Felt like calling Katrina”: Vicky remembers wedding day after seeing collection of Falguni Shane Peacock at ICW – World News Network
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

- Advertisement -

Latest News

IFFM 2025: Jaideep Ahlawat sets the stage ablaze with killer Bhangra moves; fans scream “once more!” – World News Network
Entertainment August 17, 2025
Darshan Thogudeepa wife Vijayalakshmi to take control of actor’s social media after his arrest in Renukaswamy Murder Case – World News Network
Entertainment August 17, 2025
Ishaan Khatter serves style at Messika boutique launch in Delhi – World News Network
Entertainment August 17, 2025
“There’s pressure on celebrities to speak against Israel”: Gal Gadot explains why ‘Snow White’ flopped at box office – World News Network
Entertainment August 17, 2025

Sports

Confident Jamshedpur FC face fearless Diamond Harbour for a place in the semis – World News Network
Sports
East Bengal and Mohun Bagan lock horns in Durand Cup Quarterfinals – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • National
  • Science
  • Sports
  • Tech
  • Videos
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Press Release
  • Press Release Distribution Packages

Entertainment

“Our hearts are complete”: Actor Nakuul Mehta, wife Jankee blessed with a baby girl – World News Network
Entertainment
“Our hearts are complete”: Actor Nakuul Mehta, wife Jankee blessed with a baby girl – World News Network
Entertainment
Latest World News UpdateLatest World News Update
Follow US
Copyright © 2023 World News Network. All Rights Reserved
Welcome Back!

Sign in to your account

Lost your password?