Vedanta share price pared intraday losses to trade higher after the mining conglomerate received approval from its shareholders and creditors for its proposed demerged plan.
The shareholders, secured creditors, and unsecured creditors of Vedanta have approved the proposed demerger scheme in the meetings convened on Tuesday, February 18.
Vedanta demerger scheme of arrangement involves the separation of Vedanta Ltd into independent entities — Vedanta Aluminium Metal Ltd, Talwandi Sabo Power Ltd, Malco Energy Ltd, and Vedanta Iron and Steel Ltd.
