On September 29, Vedanta Limited, owned by billionaire Anil Agarwal, unveiled its plan to establish distinct business segments by demerging its underlying companies, primarily encompassing its metals, power, aluminum, and oil and gas operations. This strategic move aims to unlock value within the organization.
The company plans six separate listed entities:
• Vedanta Aluminium
• Vedanta Base Metals
• Vedanta Power
• Vedanta Limited
• Vedanta Oil & Gas
• Vedanta Steel and Ferrous Materials
For every 1 share of Vedanta Limited, the shareholders will additionally receive 1 share of each of the 5 newly listed companies.
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