NCLT Approves Vedanta Demerger Plan

The National Company Law Tribunal (NCLT), Mumbai bench, has approved Vedanta Ltd’s demerger plan, clearing the way for one of India’s largest corporate restructurings. Under the plan, Vedanta will split into multiple independent, sector-focused listed companies. Key verticals to be separated include aluminium, oil & gas, power, iron & steel, while the parent company will retain the zinc and silver businesses. The goal is sharper strategic focus, clearer capital allocation, and improved value unlocking for shareholders. The approval comes after earlier objections from the Ministry of Petroleum & Natural Gas, which had raised concerns about liabilities and disclosures. Vedanta stated it followed all regulatory norms, and the revised scheme already had SEBI’s clearance before reaching the NCLT. Market Impact: Vedanta’s stock reacted positively, rising about 3–4% and hitting a 52-week high, reflecting investor confidence in the potential value creation from the demerger. Next Steps: Vedanta will now begin the implementation process, completing regulatory formalities and preparing the newly carved-out businesses for separate listings. The demerger is positioned as a move to streamline operations and unlock long-term growth across Vedanta’s diversified portfolio.