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News Topical, Digital Desk : Appellate tribunal NCLAT has put an interim stay on the order of the National Company Law Tribunal (NCLT), which rejected the separation of Vedanta's power business and its merger with the resulting entity Talwandi Sabo Power Limited (TSPL). This order is a relief for Vedanta Limited, which is in the process of splitting its business into separate entities. In a communication to BSE, Vedanta said that the order of NCLAT dated May 27, 2025 has put an interim stay on the order passed by the Mumbai Bench of NCLT on March 4, 2025.

The next hearing of the case will be on August 4. Earlier, the Mumbai bench of NCLT had rejected TSPL's petition on the demurrer scheme after objections were raised by TSPL's creditor SEPCO. 

Approval to issue NCDs up to Rs 5,000 crore Vedanta Ltd informed after the market closed on Friday that the board of the company has approved the issuance of NCDs up to Rs 5,000 crore on private placement basis. The company informed in the exchange filing, "The Committee of Directors in its meeting held today i.e. Friday, May 30, 2025 considered and approved the issuance of unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) up to Rs 5,000 crore on private placement basis." 

Share performance The company's stock closed at Rs 436.50 on Friday, down 3.35 per cent. In the last one year, the company's shares have seen a decline of 0.98 percent.


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