Vedanta shares in focus ahead of NCLT hearing on proposed demerger
Published on 08/10/2025 09:17 AM
Vedanta shares see volatile moves ahead of NCLT hearing on proposed demergerOn September 30, Vedanta had announced that it has pushed forward the demerger deadline now to March 2026, subject to government approval.By Hormaz Fatakia October 8, 2025, 10:06:40 AM IST (Updated)2 Min ReadShares of Anil Agarwal-owned mining conglomerate Vedanta Ltd. are in focus on Wednesday, October 8, ahead of the final hearing at the National Company Law Tribunal (NCLT) with regards to its proposed demerger.
On September 17, a Vedanta spokesperson had told CNBC-TV18 that SEPCO had withdrawn its intervention application, and that the Ministry of Petroleum and Natural Gas (MoPNG) made its representation during the previous proceedings at the NCLT.
Vedanta Ltd.'s legal counsel had also provided the necessary clarifications in response. The application of the MoPNG was then reserved for judgment and the scheme was listed for final hearing today.
A few days before the September 17 proceedings, Vedanta resolved a long-standing dispute with SEPCO with regards to Vedanta's power business, post which, SEPCO withdrew the arbitration claims.
On September 30, Vedanta had announced that it has pushed forward the demerger deadline now to March 2026, subject to government approval.
Vedanta has proposed to create five independent, focused businesses on Aluminium, Oil & Gas, Power, Steel and Ferrous Materials, along with Base Metals. Shareholders will get one share of every demerged entity for every one share they own of the currently listed entity.
Shares of Vedanta are little changed at the start of trade on Wednesday at ₹471.9. The stock is up 9% in the last one month, having reported the best monthly return since March this year.Continue ReadingFirst Published: Oct 8, 2025 9:17 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsdemergerNCLTshare market todayVedantaVedanta Share PriceVedanta shares