Vedanta Ltd is set to approach stock exchanges next week to seek approval for listing its demerged entities, as per PTI reports. The filings mark the next step in a restructuring process that has been underway for several months.
The company has already fixed 1 May as the effective date for the demerger, following board approval. The move will split the business into separate units across key sectors.
During the fourth-quarter earnings call, Vedanta Resources CEO, Deshnee Naidoo, said the process is in its final stage. She indicated that, subject to approvals, shares of the new entities are expected to be listed and start trading by mid-June.
The company has earlier stated that listing is targeted within the first quarter of FY27.
The restructuring will create 5 independent companies focused on different segments, including aluminium, oil and gas, power, and iron and steel. Each unit is expected to operate separately after listing.
In total, 4 entities, Vedanta Aluminium Metal Ltd, Talwandi Sabo Power Ltd, Malco Energy Ltd, and Vedanta Iron and Steel Ltd are planned to be listed as part of the exercise.
Vedanta CFO, Ajay Goel, said shareholders holding stock as of 29 April will be eligible for the share distribution. The record date has been set as 1 May.
Under the arrangement, investors will receive four additional shares in the new entities for every one share held. Shares in 4 of the businesses will be issued on a 1:1 basis.
The company has aligned debt levels with the financial position of each business. Oil and gas, along with iron and steel units, are expected to have close to zero net debt.
Other businesses will carry debt levels in line with their earnings capacity, based on net debt to EBITDA ratios.
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As of April 30, 2026, 9:37 am, Vedanta Ltd share price was trading at ₹289.50, down 62.58% from the previous closing price.
The demerger process has entered its final stage, with regulatory filings expected shortly. Listing and trading of the new entities are projected to begin by mid-June, subject to approvals.
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Published on: Apr 30, 2026, 10:41 AM IST
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