Mumbai NCLT Approves Vedanta Demerger Plan; Stock Surges, Unlocking Value Eyed

• The Mumbai bench of the National Company Law Tribunal (NCLT) has approved Vedanta Ltd.'s demerger plan.
• Following the approval, Vedanta's shares surged 3.4% to ₹568, recovering from the day's low.
• Initially announced in September 2023, the demerger aims to split the company into six entities, though the Base Metals unit's demerger was later dropped.
• Shareholders will receive one share of each demerged entity for every Vedanta share held on the yet-to-be-announced record date.
• Experts like Rakesh Arora anticipate a "neutral" to "positive" impact, with potential non-core asset sales, despite some skepticism about significant value unlocking.

Why It Matters: Vedanta's demerger approved by NCLT, boosting stock and setting stage for focused entities.