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Vedanta share value caused intraday damage to high trade after receiving approval by the mining group for his proposed demarcated plan from his shareholders and creditors.
The shareholders, safe creditors, and Vedanta’s unsafe creditors have approved the proposed Demeger scheme in meetings convened on Tuesday, 18 February.
The Vedanta Demerger Scheme of the system involves separation of Vedanta Limited into independent institutions – Vedanta Aluminum Metal Limited, Talwandi Sabo Power Limited, Malco Energy Limited, and Vedanta Iron & Steel Limited.
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