Vedanta, led by Anil Aggarwal, has received the National Company Law Tribunal’s (NCLT) green light for its strategic acquisition plans. The focus of this acquisition is Meenakshi Energy, an entity entrenched in the energy sector. The deal has been finalized at Rs 1,440 crore, demonstrating Vedanta’s commitment to diversification and expansion, according to a report by the Hindu Businessline.
The conglomerate’s acquisition plan encompasses the entirety of Meenakshi Energy’s paid-up capital and complete managerial control. This decision was officially communicated by Vedanta through a press release on Thursday.
