Vedanta Demerger: Shareholders to Receive 4 Shares Each; Listing Expected Mid-May Vedanta Group chairman Anil Agarwal announced the effective date of the company’s demerger, which will take effect on 1 May. Vedanta Limited will split into five separate listed companies, with shareholders receiving one share each in the new entities for every share they hold in the parent company. The demerger process, approved by the National Company Law Tribunal (NCLT), aims to streamline operations and enhance focus on individual business segments. The five new companies will include Vedanta Limited, which will retain the base metals business, and four additional entities: Vedanta Aluminium, Talwandi Sabo Power, Vedanta Steel and Iron, and Malko Energy. Shareholders will receive one share in each of these new companies for every share they hold in Vedanta Limited. The demerger also involves the transfer of non-convertible debentures (NCDs) associated with the aluminium business to Vedanta Aluminium, effective from 1 May. Key changes to the new companies include name adjustments. Talwandi Sabo Power will be renamed Vedanta Power Limited, while Malko Energy will become Vedanta Oil and Gas Limited. The face value of shares in Talwandi Sabo Power will be set at ₹10, whereas the remaining four companies will have a face value of ₹1 per share. The demerger is expected to significantly boost the combined market capitalization of the five new entities, surpassing the current ₹27 billion. Anil Agarwal emphasized that the Agarwal family’s private parent company will retain approximately 50% ownership in all the new entities. The group’s CFO, Ajay Goyal, stated that the target is to list the four new units on Indian stock exchanges by mid-May.#national_company_law_tribunal #vedanta_aluminium #vedanta_group #anil_agarwal #talwandi_sabo_power
