Vedanta demerger moves ahead as NCLT clears way for meetings of shareholders, creditors

The Mumbai bench of the NCLT has directed Vedanta Ltd to convene a meeting of its creditors and shareholders within 90 days to discuss the proposed demerger. The demerger, already approved by 75% of secured creditors, aims to create independent entities for Vedanta's diverse businesses, simplifying its structure and attracting global investors.