New Delhi, Sept. 17 -- Shares of Vedanta tanked nearly 4% in intraday deals on Wednesday, September 17, amid reports that the government has doubled down on its argument against the Anil Agarwal-led company's demerger plans during a hearing at the National Company Law Tribunal today.

According to a CNBC TV-18 report, the government has raised numerous objections to Vedanta's demerger plans, ranging from financial risks post the demerger, insufficient disclosure of liabilities, misrepresentation of hydrocarbon assets, to violation of market regulator Sebi's disclosure norms.

More to come.

Published by HT Digital Content Services with permission from MINT....