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Vedanta Limited ( (IN:VEDL) ) has issued an announcement.
Vedanta Limited announced that the National Company Law Tribunal (NCLT) has rejected the Scheme of Arrangement filed by Talwandi Sabo Power Limited (TSPL), a subsidiary of Vedanta, under the TSPL Company Scheme Application. This decision does not affect the separate application filed by Vedanta and its other subsidiaries. TSPL plans to appeal the decision, indicating potential legal proceedings that could impact the company’s restructuring efforts and stakeholder interests.
More about Vedanta Limited
Vedanta Limited is a diversified natural resources company engaged in the exploration and production of oil and gas, zinc, lead, silver, copper, iron ore, aluminum, and commercial power. The company operates in India and has a significant market focus on the mining and metals industry.
YTD Price Performance: -11.16%
Average Trading Volume: 471,537
Current Market Cap: 1543.8B INR
For a thorough assessment of VEDL stock, go to TipRanks’ Stock Analysis page.