Vedanta Demerger Hit by Delay as NCLT Postpones Hearing
Vedanta Ltd has faced a setback in its plans to demerge into separate entities. The National Company Law Tribunal (NCLT) has postponed its hearing due to objections raised by the Ministry of Petroleum and Natural Gas. The demerger, initially planned for March 31, 2026, has been pushed back to October 8.
The demerger, aimed at transforming Vedanta's diverse business units into standalone entities, has hit a roadblock due to incomplete approvals. The Securities and Exchange Board of India (SEBI) and the Competition Commission of India (CCI) have yet to give their nod for the resumption of the demerger process. Vedanta Ltd, which operates across multiple countries and holds major assets in oil and gas, zinc, copper, aluminum, steel, and other critical minerals, had hoped to complete the demerger during the current financial year, as expressed by CEO Deshnee Naidoo. However, the company has now opted to retain its base metals business within the parent company, further delaying the process.
The demerger, which was set to create independent firms like Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, and Vedanta Ltd, now faces an uncertain future. With the NCLT hearing postponed and key approvals pending, Vedanta Ltd will need to navigate these hurdles before the demerger can proceed.
Read also:
- MIH Consortium Chooses BlackBerry for Next-Gen EV Platform
- Aquatech purchases Koch's Direct Lithium Extraction business, merging Li-ProTM DLE technology into the PEARLTM Technology Platform.
- North Carolina's Ocracoke Island: Highway Closed, Homes Collapse Due to Erosion
- Ukraine's Drone Strikes Cripple Russian Rail, Impacting Military Operations and Economy
