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Business
Vedanta shares surge to record after demerger into five firms gets NCLT nod
Shares of Vedanta Ltd. soared to a record high after the National Company Law Tribunal approved the company’s demerger into five units focused on power, oil & gas, iron ore, and aluminium, aiding debt reduction and expansion plans. The restructuring faced challenges from the government, yet it promises a simplified corporate structure and new fundraising opportunities.
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