Vedanta Limited's board of directors has approved May 1, 2026, as the effective and record date for its proposed demerger, according to a regulatory filing. Shareholders on the record date will receive shares in six newly created independent listed companies in proportion to their existing holdings in Vedanta.
The demerger will separate Vedanta's core businesses into distinct entities: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and the residual entity, Vedanta Limited, which will hold assets like Hindustan Zinc and the semiconductor and display glass business. The company has stated the move is aimed at unlocking value and providing focused management for each vertical.
The process received approval from the National Company Law Tribunal (NCLT) earlier. The new shares are expected to be credited to eligible shareholders' demat accounts by May 6, 2026, and trading in the new entities is anticipated to commence on the stock exchanges on or after May 8, 2026.
