NCLT Approves Vedanta Demerger Plan; Shares Surge to 52-Week High

• NCLT Mumbai bench approved Vedanta Limited's long-pending demerger plan.
• Vedanta shares surged 4.20% to Rs 572.50, reaching a 52-week high after the announcement.
• The demerger, announced in Sept 2023, aims to split Vedanta into six separate companies to unlock value.
• Shareholders will receive one share of each demerged company for every existing Vedanta share.
• Vedanta welcomes the decision as a "significant milestone," though experts have mixed views on value unlocking.

Why It Matters: NCLT's approval of Vedanta's demerger plan caused shares to hit a 52-week high.