Vedanta Resources, a major mining company, is in the final stages of a demerger that will create four independent entities, including Vedanta Aluminium Metal Limited (VAML) and Vedanta Iron and Steel Limited (VISL). CEO Deshnee Naidoo announced that the company plans to file for listing approval with stock exchanges next week, targeting a trading commencement by mid-June 2024. Shareholders of Vedanta will receive four additional shares for each share they hold as of April 29, 2024, in a 1:1 ratio. CFO Ajay Goel emphasized that the demerger is designed to align capital structures with each company's growth potential, resulting in Vedanta Oil & Gas and Iron & Steel businesses emerging as nearly debt-free. The restructuring aims to simplify Vedanta's corporate framework and provide direct investment opportunities to global investors, enhancing the company's alignment with market demands and investment cycles.