Vedanta Resources Limited (VRL) through its wholly owned subsidiary, Vedanta Resources Holdings Limited (VRHL) holds 79.4% equity stake in KCM. ZCCM Investments Holdings Plc (ZCCM-IH), which owns 20.6% of the shares in KCM had obtained an ex parte order from the High Court of Zambia appointing a provisional liquidator (PL) for KCM in May 2019. The appointment of PL had caused loss of its control over KCM.
Various legal proceedings were initiated and carried out during 2019–2023.
On 06 November 2023, VRL, ZCCM-IH and KCM signed a new shareholder agreement for KCM as well as an Implementation Agreement that sets out the terms for VRHL’s re-entry and new investment into KCM. Post the completion of scheme of arrangement, the provisional liquidator was removed in late July 2024 and the Board of KCM was re-instated on 31 July 2024.

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