Anil Agarwal-led Vedanta on Tuesday, February 18, held a key meeting with its shareholders and creditors (secured and unsecured), for its proposed demerger. The company received more than the required number of votes for the implementation of the split.

Vedanta shares rise 1.99% after shareholders and creditors approve demerger into five entities, boosting investor confidence in restructuring and positioning the company for long-term growth.

Vedanta Ltd.’s creditors will meet Tuesday to give their final verdict on a plan to split the Indian mining conglomerate into at least five different businesses, a key step in a months-long effort to simplify the group’s structure and help manage its debt burden.

Vedanta Limited approved demerger into five sector-specific companies, creating global scale businesses with focused operations and market potential.

Vedanta will be split into five resulting companies - Vedanta, Vedanta Aluminium Metal, Talwandi Sabo Power Limited, Malco Energy, and Vedanta Iron and Steel

Vedanta Ltd.’s creditors and shareholders approved a long-standing plan to split the Indian mining conglomerate into five businesses, a step that will simplify the group’s structure and reduce its debt burden.

Vedanta's shareholders and lenders have approved the oils-to-metals conglomerate's plans to split into five separate entities, the company announced on Thursday, with nods from nearly all of its secured and unsecured creditors.