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Vedanta Limited ( (IN:VEDL) ) has shared an announcement.
Vedanta Limited recently convened meetings for its equity shareholders and creditors to consider and approve a Scheme of Arrangement between several of its subsidiaries, including Vedanta Aluminium Metal Limited and Talwandi Sabo Power Limited. This strategic move, sanctioned by the National Company Law Tribunal, aims to streamline its operations and potentially enhance its market positioning. The e-voting process was facilitated for shareholders to participate in decision-making, reflecting transparent governance. The outcomes are anticipated to be publicly disclosed on relevant platforms, thus impacting stakeholders by aligning subsidiary operations under one cohesive arrangement.
More about Vedanta Limited
Vedanta Limited is a prominent player in the mining and metals industry, focusing on products such as aluminium, power, and iron and steel. The company is involved in large-scale operations and has a significant market presence, especially in India.
YTD Price Performance: -6.59%
Average Trading Volume: 473,794
Current Market Cap: 1623.2B INR
Find detailed analytics on VEDL stock on TipRanks’ Stock Analysis page.