NCLT Defers Vedanta Demerger Case Hearing To September 17
Centre Objects To Vedanta Demerger In NCLT, Claims It Has ‘Serious Objections’
Centre Says, Govt Will Be Unable To Recover Dues
Govt Submits That There Has Been Concealment, Non-Disclosure Of Key Details
Govt Flags ‘Inflated Revenues’, ‘Concealed Liabilities’
Govt Flags How Vedanta Modified Scheme After NOC From SEBI, Exchanges
SEBI Confirms Vedanta Modification Post NoC, Terms It A ‘Serious Breach’ Of Master Circular
SEBI Submits That It Has Issued An Administrative Warning To Vedanta
SEBI Says, Modification Could Not Have Been Done Post NOC
SEBI Says, Vedanta Required To Place Warning’ Before Board
From CNBC, this doesn’t sound good, a lot of analysts mentioned that any delay in the demerger process will be viewed negatively. Vedanta just bounced back a little yesterday, now it will be down like 2% again. Just don’t have too much hope on it until the demerger actually come or it never comes. The promised deadline end of September, will not be met for sure.