Vedanta gets creditors’ approval for demerger – The Times of India
MUMBAI: Anil Agarwal-controlled Vedanta has secured approval from creditors holding 83% of its debt value for its planned demerger, surpassing the minimum requirement of 75% support. This significant milestone paves the way for Agarwal to divide the mining conglomerate into at least five different businesses and address the debt situation. The restructuring will enable separate…
