Vedanta Limited Sets May 1 for Demerger Record Date and Share Allotment Details
Vedanta demerger: Anil Agarwal-led mining major fixes May 1 as record date, announces share allotment details
Mint
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Vedanta Limited, led by Anil Agarwal, has announced that May 1 will be the record date for its demerger scheme. Shareholders will receive shares in four new companies at a 1:1 ratio, including Vedanta Aluminium Metal Limited and Talwandi Sabo Power Limited, among others.
- 01Vedanta Limited's demerger scheme becomes effective on May 1.
- 02Shareholders will receive shares in four new entities at a 1:1 ratio.
- 03The demerger includes Vedanta Aluminium Metal Limited and Talwandi Sabo Power Limited.
- 04Bharat Aluminium Company Ltd's shareholding will be transferred to Vedanta Aluminium Metal.
- 05The names of two companies will change post-demerger.
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Vedanta Limited, the mining company led by Anil Agarwal, has confirmed that its demerger scheme will take effect on May 1. As part of the plan, shareholders will receive shares in four newly formed companies at a 1:1 ratio. The new entities include Vedanta Aluminium Metal Limited (VAML), Talwandi Sabo Power Limited (TSPL), Malco Energy Limited (MEL), and Vedanta Iron and Steel Limited (VISL). Each new company will issue shares corresponding to the shares held in Vedanta. For instance, VAML will issue one share for each share of Vedanta, while TSPL will issue shares at a face value of ₹10. Additionally, Vedanta will transfer its stake in Bharat Aluminium Company Ltd (BALCO) to VAML, which reported a turnover of ₹15,909 crore for the fiscal year ending March 31, 2025. Following the demerger, TSPL and MEL will be renamed to Vedanta Power Limited and Vedanta Oil and Gas Limited, respectively. The agreement for the share transfer is expected to be finalized by April 30, 2026.
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The demerger will create four distinct companies, potentially offering shareholders new investment opportunities and impacting the market presence of Vedanta's various business segments.
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