The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order on Vedanta's two petitions against the selection of Adani Enterprises' bid to acquire debt-ridden Jaiprakash Associates Ltd (JAL) through an insolvency process. A two-member NCLAT bench comprising Chairperson Ashok Bhushan and Member Technical Barun Mitra concluded its hearing following arguments from Vedanta and respondents, including the Resolution Professional, Committee of Creditors (CoC) and Adani Enterprises. It asked both parties to submit written submissions within the next two days. Vedanta's counsel questioned the evaluation metrics adopted by JAL lenders, who selected the bid from Adani Enterprises offering Rs 14,535 crore and rejected Vedanta's higher bid of Rs 17,926 crore. On March 24, NCLAT declined any interim stay over the Vedanta Group's plea against the order passed by the NCLT on March 17, approving Adani Group's bid. However, it had said that the plan would be subject to the .
Amol Athawale of Kotak Securities believes that Vedanta is trading with a positive bias, and expects the stock to test ₹820 - ₹825 levels on the upside.
Vedanta informed the stock exchanges that May 1, 2026, has been approved as both the effective date of its demerger and the record date to determine eligible shareholders.
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Vedanta moves ahead with restructuring plan to split into four independent listed entities, with shareholders to receive one share in each business
Lenders allege Vedanta altered its JAL bid after accessing sensitive scoring details, raising concerns over fairness in the insolvency resolution process
Vedanta has challenged Adani Group's JAL resolution plan at NCLAT, alleging flawed and opaque CoC scoring that undermined value maximisation under insolvency rules
The Nifty Metal index hit a new high of 12,816 in intra-day trade on Thursday and has bounced back 18% from its previous month low of 10,819.85 touched on March 23, 2026.
Vedanta signs initial MoUs for aluminium park in Odisha, marking start of downstream activity with over Rs 500 crore investment and expected boost to jobs and MSMEs
Mining giant Vedanta Group on Friday questioned the evaluation metrics adopted by lenders of Jaiprakash Associates Ltd (JAL), which had selected the lower bid of Rs 3,400 crore from Adani Enterprises for the debt-ridden company. During proceedings of the insolvency appellate tribunal National Company Law Appellate Tribunal (NCLAT), the counsel representing Vedanta Ltd said the "valuation in the process has been used to wipe out commercial wisdom" by the committee of creditors (CoC). Pointing towards the evaluation matrix used by the CoC, senior advocate Abhijeet Sinha asked whether it was used "to achieve value maximisation or is it being used for some other purpose". He submitted that the evaluation matrix, RFRP (request for resolution plan) and process note relied upon by the CoC are merely guiding tools and cannot override the core objective of the insolvency framework, which is maximisation of value. Contending that Vedanta's bid was Rs 3,400 crore higher in gross value and Rs
Vedanta Chairman Anil Agarwal calls for scaling up iron ore production and policy reforms to support India's 300 mt steel capacity ambition
Top court directs Vedanta and other parties to present contentions before NCLAT; JAL monitoring committee also directed to not take major steps without tribunal approval
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The company's total aluminium production during the quarter rose by 2 per cent, and Zinc India's mined metal production increased by 2 per cent
Vedanta and Adani group are involved in an intense battle to acquire assets of insolvent Jaiprakash Associates. Technically, Vedanta stock seems to be favourably placed on charts, says Bonanza analyst
Vedanta demerger date extended: Under the demerger plan, Vedanta will split into five entities. The company has opted to retain its base metals business within the parent company (already listed)
In a petition contesting the lenders' choice to approve Adani's bid, Vedanta argued that its updated proposal offered nearly ₹3,400 crore more in overall value
At 9:40 AM, individually, among others on the National Stock Exchange (NSE), National Aluminium Company (Nalco) jumped 6.11 per cent, followed by Hindalco up 4.3 per cent, Vedanta rose 3.66 per cent
Among these companies, Vedanta has announced the highest payout, declaring an interim dividend of ₹11 per share for eligible shareholders
Vedanta chairman Anil Agarwal calls for blending entrepreneurial dynamism with PSU strength to boost domestic production and reduce India's reliance on resource imports