Anil Agarwal’s company Vedanta has suffered a major setback, as NCLT has stopped the hearing on its proposed Demerger plan. The Central Government and SEBI have objected to this. The government says that this may affect the ability to recover the outstanding amount. At the same time, SEBI has warned the company of administrative action, accusing the company of violating rules. Vedanta was planning a demeter in four different companies. After this news, Vedanta shares have seen a slight decline. Anil Agarwal’s company Vedanta has sufed a Major Setback as the NCLT has Halted the hearing on its propliers proposed demner plan. The Central Government and Sebi Raised Objections, Stating that the Move Cold Impact The Government’s Ability to Recover Dues. Sebi also warned the company of administ action for Violating Regulations by altering the demeger plan without informing them. Vedanta was planning to split into Four Separate Companies. Following this news, vedanta’s shares when a slight decline in the stock market.
Vedanta jerks with NCLT! Stop Demerger Plan, SEBI too angry! , Paisa Live | Vedanta gets a shock from NCLT! Demerger plan put on hold, sebi also upset!
