The Ministry of Petroleum and Natural Gas has objected to Vedanta’s planned demerger before the National Company Law Tribunal (NCLT). A hearing to finalise the demerger process was conducted by the tribunal on Wednesday, July 2.
During the hearing, the Securities and Exchange Board of India (SEBI) informed the tribunal that it is verifying Vedanta’s compliance with SEBI norms.
The NSE confirmed that a no-objection certificate (NOC) has been given for the demerger.
NCLT will resume hearing the matter on August 20.
Backstory
Announced back in September 2023, Vedanta’s demerger aims to split the company into independent listed entities focusing on aluminium, oil and gas, power, and base metals. The move is intended to enhance operational efficiency, streamline management, and unlock shareholder value.
In March, Vedanta, in a stock exchange filing, announced that it was extending the deadline for completing its demerger from March 31 to September 30, citing pending approvals from the NCLT and other government authorities.
Also read: Vedanta shares rise after NCLAT relief on Talwandi Sabo Power demerger scheme
Shares of Vedanta closed marginally higher at ₹470 on the NSE today, July 2. The company’s shares have grown as much as 9% last month.
(Edited by : Shoma Bhattacharjee)
First Published: Jul 2, 2025 6:54 PM IST
