New Delhi, Dec. 17 -- Vedanta Ltd on Tuesday received approval from the National Company Law Tribunal to proceed with the proposed demerger of its operations into five separately listed entities, marking a key milestone in billionaire Anil Agarwal's two-year effort to unlock value at the resources major.

The approval clears the most significant regulatory hurdle for the restructuring, which has faced repeated delays, and sets the stage for Vedanta to complete the exercise by March 2026, one year later than its original guidance.

Vedanta shares rose after the NCLT order and closed 3.5% higher at Rs.569.35 on the BSE on Tuesday. The stock jumped another 2% on today to hit a fresh all-time high of Rs.580.45 per share.

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