Vedanta Ltd is on track to complete its demerger, with a senior official announcing plans to file for listing approvals for four newly formed entities next week. The shares of these companies are anticipated to begin trading by mid-June 2024. Chief Financial Officer Ajay Goel confirmed that the board approved the demerger effective May 1, establishing five independent companies aimed at optimizing capital allocation and aligning debt with each business's growth stage. Shareholders as of April 29 will receive four additional shares for every Vedanta share held, under a 1:1 allotment structure. The four new entities include Vedanta Aluminium Metal Limited, Talwandi Sabo Power Ltd, Malco Energy Ltd, and Vedanta Iron and Steel Limited. This restructuring is designed to simplify the group’s structure, enabling each unit to pursue strategic priorities aligned with market dynamics and attract targeted investor interest.