Vedanta Shares Jump 2% After NCLT Reserves Order on Vedanta Demerger; Petroleum Ministry Raises Objections

Shares of Anil Agarwal led Vedanta jumped nearly 2% in early trade on Thursday after the Mumbai bench of the National Company Law Tribunal (NCLT) has reserved its order in the case of Vedanta Limited's proposed demerger, following objections raised by the Ministry of Petroleum and Natural Gas.

The ministry has opposed the demerger, citing potential financial risks, concerns over the representation of India's hydrocarbon assets, and inadequate disclosure of liabilities.

Vedanta Share Price Today

As of 9:17 AM on Thursday, Vedanta Limited was trading at Rs 528.35, up 1.49% from the previous close of Rs 520.60 on National Stock Exchange (NSE). The stock opened higher at Rs 527.00, touched an intraday high of Rs 527.00, and recorded a low of Rs 524.20 in early trade.

Vedanta Demerger Hearing: NCLT Reserves Its Order

The matter was heard on Wednesday by the newly constituted bench comprising Justices Nilesh Sharma and Charanjeet Singh Gulati, who stated in an oral order, "We heard both the parties. The matter is reserved for orders."

Vedanta had approached the NCLT seeking regulatory clearance for its proposed corporate restructuring under Sections 230-232 of the Companies Act. The plan involves creating multiple sector-specific entities to unlock value and improve operational focus.

However, the ministry's objections have created a significant roadblock to the process. It has reportedly expressed concerns that the demerger could pose risks to the country's hydrocarbon interests and financial stability if not properly structured and disclosed.

In light of these delays, Vedanta has extended its demerger timeline to March 2026, revising the earlier target of September 2025, citing pending approvals from both the tribunal and other regulatory authorities.

A Vedanta spokesperson reaffirmed the company's commitment to the restructuring plan, saying, "Vedanta remains committed to the proposed demerger, which aims to create independent, sector-specific entities across aluminium, oil and gas, power and iron and steel."

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