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Bond Market News
Vedanta Ltd’s Demerger Faces Another Delay
October 30, 2025
Vedanta Ltd’s long-pending demerger has been delayed again after the National Company Law Tribunal (NCLT) bench handling the case was reconstituted. The newly formed bench will rehear Vedanta’s plea and the government’s objections from the start, with hearings scheduled to begin on November 12. Although SEBI had earlier issued a warning over Vedanta’s modifications to the demerger plan, it has since approved the revised scheme while expressing its dissatisfaction with the process. Vedanta is seeking rehearing of the case to begin at the earliest. The company had first announced its demerger in September 2023, but has extended the deadline pending regulatory approvals. Earlier this month, the company priced a dollar bond to repay a private credit facility.
Vedanta’s newly issued 9.125% 2032s traded stable at 99.05, yielding 9.31%
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