“…subject to necessary statutory, regulatory and other approvals, as may be necessary, the Board of Directors have considered and approved the draft Scheme of Arrangement (“Scheme”) between Vedanta Limited (“Company” or “Demerged Company”) and Vedanta Property Platforms Limited (“Resulting Company”) and their respective shareholders and creditors for the demerger of the Demerged Undertaking (as defined in the Scheme) of the Company to the Resulting Company on a going concern basis,” Vedanta Ltd said in an exchange filing.
