Vedanta demerger: NCLAT stays NCLT order rejecting business split; stock sees relief rally
Vedanta demerger: In a major relief for Anil Agarwal’s Vedanta Limited, the National Company Law Appellate Tribunal (NCLAT) has granted an interim stay on an earlier order passed by the National Company Law Tribunal (NCLT) rejecting the mining major’s demerger scheme. Following the announcement by the company, Vedanta share price witnessed a relief rally, rising…