Indian Govt Challenges Vedanta’s Four-Way Demerger Over Dues Concerns
India Objects to Vedanta’s Demerger Plan, Citing Risks to Dues Recovery The Indian Government has raised objections to mining giant Vedanta’s planned restructuring into four separate listed entities, warning that the move could hinder its ability to recover outstanding dues, according to a report by CNBC-TV18. During a hearing at the National Company Law Tribunal (NCLT), government representatives alleged that Vedanta altered its demerger scheme after receiving approval from the Securities and Exchange Board of India (SEBI). The NCLT, which adjudicates corporate disputes, has not yet released official details of…
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