RB1990
September 18, 2025, 11:38am
37
To give some update on the NCLT hearing today about the demerger.
The demerger timeline delay has been confirmed officially.
Government has raised several objections, strongly opposing the demerger scheme:
Post Demerger Financial Risk, mentioning ‘in all probability MALCO will go into liquidation’ after demerger
Vedanta has misrepresented hydrocarbon assets
Vedanta has insufficient disclosure of liabilities, misrepresented extent of liabilities
Violations of Listing obligations and Companies…
Let’s see what the hearing for PIL tomorrow morning leads to. After yesterday’s share price tumble, I think people need to be more cautious. It was roller coaster yesterday.