Vedanta demerger decks cleared after Mumbai NCLT approves plan; Stock surges

Shareholders of Vedanta will be entitled to one share each of every demerged entity for every one share that they own of the currently listed entity as on the record date, which is yet to be announced. At the end of the September quarter, Vedanta had a 20.21 lakh small retail shareholders, or those who have an authorized share capital of up to ₹2 lakh.

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