Vedanta Ltd. shares are the subject of Wednesday’s trading activity following reports that the mining and metals giant’s proposed demerger was approved by 83% of its creditors. According to the suggested reorganisation plan, this would open the door for the company to divide its operations into five distinct organisations. For the plan to proceed, the business needed the backing of at least 75% of its creditors by debt value. The procedural parts are anticipated to be completed in two to three months.
For every share of Vedanta that a shareholder owns, they will receive one equity share in each of the five recently listed firms. The stock markets had already given their clearance. Yesterday’s meeting aimed to get creditors’ and shareholders’ consent for the demerger. By the conclusion of Q1FY26, analysts anticipate that the demerger process will be completed. Yesterday, the meeting with equity stockholders was set for 10 a.m. At 11.45 am, the secured creditors’ meeting was held, and at 1 pm, the unsecured creditors’.
With an effective interest rate of one cent, Vedanta’s parent company VRL has debt of $5.2 billion. By refinancing the $1 billion debt, the business hopes to reduce this amount to 9.8% by 2025. In FY26, $1.4 billion would be committed for repayment and interest.
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