NCLT Approves Vedanta Demerger: 5 New Companies, Shares for All!

• NCLT approves Vedanta's demerger plan, splitting Indian units into five separate listed companies.
• Vedanta will remain the parent company, retaining its zinc and silver business through Hindustan Zinc.
• Four new companies – Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Iron & Steel – will be listed.
• Shareholders will receive one share in each of the four new companies to maintain ownership balance.
• The demerger aims to streamline operations and allow each business to focus on its specific sector.

Why It Matters: Vedanta's demerger approved, creating five listed entities and distributing shares to existing holders.