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Saturday, October 4, 2025

Vedanta demerger: Deadline pushed to March 2026; NCLT and government approvals pending

Vedanta Ltd has again postponed its demerger completion to March 31, 2026, citing pending NCLT and government approvals. This marks the second extension for the ambitious restructuring plan. The National Company Law Tribunal had previously postponed a hearing due to concerns from the Ministry of Petroleum and Natural Gas over missing disclosures, prompting a revised demerger strategy.

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Reinsurance buffers crash claim, Tata AIG logs Rs 1,008 crore profit

The General Insurance Corporation had estimated claims of over $400 million last year from the Air India Ahmedabad crash. Since then, reinsu...