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Vedanta Limited ( (IN:VEDL) ) has provided an announcement.
Vedanta Limited held meetings for its equity shareholders, secured creditors, and unsecured creditors to discuss and approve a Scheme of Arrangement involving its subsidiaries, including Vedanta Aluminium Metal Limited and others. This move is part of the company’s strategic restructuring efforts, which are likely to impact its operational efficiency and market positioning. The meetings, conducted under the guidance of the National Company Law Tribunal, allowed participants to engage through video conferencing and e-voting, ensuring broad stakeholder involvement in the decision-making process.
More about Vedanta Limited
Vedanta Limited is a diversified natural resources company operating in the mining, oil and gas, and power sectors. The company primarily focuses on producing resources such as aluminum, copper, zinc, lead, silver, iron ore, and oil and gas products. It has significant operations in India and aims to maintain a strong presence in the natural resources industry.
YTD Price Performance: -6.59%
Average Trading Volume: 473,794
Current Market Cap: 1623.2B INR
Learn more about VEDL stock on TipRanks’ Stock Analysis page.