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What is the effective date of Vedanta demerger 5 things you need to know

Vedanta Share Price: Shares of Vedanta gained around 2 per cent on Friday after the company got approval from creditors and shareholders for demerger. The company has proposed demerger into five separate entities. The counter opened at Rs 436.55 on the BSE against the previous close of Rs 433.55. It gained further to log an intraday high at Rs 442.2 per share. This is a gain of 1.99 from the closing price of the previous session. <br><br>

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What is the effective date of Vedanta demerger 5 things you need to know

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  1. What is the effective date of Vedanta demerger? 5 things you need to know

  2. Vedanta is again in the spotlight, and this time, it is about a long-awaited corporate restructuring. The company’s much-anticipated demerger is in the final stages, with approval from the National Company Law Tribunal (NCLT) expected within the next 4-6 weeks, according to Vedanta founder Anil Agarwal’s recent interview with CNBCTV18. Source url:- https://www.financialexpress.com/market/what-is-the-effective-date-of-vedanta-demerger-5-things-you-need-to-know-3782935/

  3. What’s the timeline for Vedanta’s demerger? • Vedanta is expecting approval from the National Company Law Tribunal (NCLT) within the next four to six weeks, as per founder Anil Agarwal’s recent interview with CNBCTV18. However, he refrained from specifying an exact timeline for when the entire process will be completed. • The company had originally announced the demerger plan in September 2023, and regulatory clearances are now in the final stages. If all goes as planned, the restructuring should be completed in early 2025.

  4. What is in it for shareholders? • For every one share of Vedanta, you’ll receive one share in each of the newly formed companies once the demerger is completed. • “I envision that each of the four newly demerged companies has the potential to grow into a $100 billion company. If you look at where we are headed as a global economy and the demand for such products, these companies and their products are the need of the hour,” Agarwal said in an exchange filing on March 17.

  5. How is Vedanta’s stock performing? • Vedanta’s stock has been on an upward trend. As of today, the stock is trading at Rs 472 per share, with a 2.5% intraday jump. Looking at the bigger picture, over the past week, the share price of Vedanta has surged 6%, while in the past month, it has gained 9%. The year-to-date (YTD) performance also shows a 6% rise, and looking at the past year, the stock has delivered a 76% return.

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