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The latest announcement is out from Vedanta Limited ( (IN:VEDL) ).
Vedanta Limited held meetings with its equity shareholders, secured creditors, and unsecured creditors to discuss a Scheme of Arrangement involving its subsidiaries, as per the order from the National Company Law Tribunal, Mumbai. The meetings aimed to approve the arrangement between Vedanta Limited and its subsidiaries, reflecting the company’s strategic moves to reorganize and possibly strengthen its operations. The outcomes of these meetings are crucial for the company’s stakeholders as they may significantly impact Vedanta’s market position and operational efficiency.
More about Vedanta Limited
Vedanta Limited is a diversified natural resources company primarily involved in the mining and processing of minerals and oil & gas. The company operates in several sectors, including aluminum, power, and steel, focusing on the Indian and global markets.
YTD Price Performance: -6.59%
Average Trading Volume: 473,794
Current Market Cap: 1623.2B INR
See more insights into VEDL stock on TipRanks’ Stock Analysis page.