Vedanta's demerger has officially taken effect on May 1, 2026, leading to the creation of four new companies: Vedanta Aluminium Metal Limited, Vedanta Power Ltd, Vedanta Oil & Gas, and Vedanta Iron and Steel Limited. The company plans to seek approval from the stock exchanges for the listing of these entities, with shares expected to start trading by mid-June 2026. Shareholders of Vedanta will benefit from this demerger, receiving four additional shares of the new companies for every one share they hold as of the record date. During an investor call, Deshnee Naidoo, CEO of Vedanta Resources, confirmed that the company aims to file for listing approval within the next week, and the entire process typically takes about four to six weeks. Analysts from ICICI Direct have highlighted Vedanta Aluminium Metal as particularly attractive, projecting a listing valuation exceeding ₹400 due to its significant contribution to the group's revenue and favorable market conditions, including high aluminium prices. The power business is also seen as promising, with expected sales volumes increasing significantly in the upcoming fiscal year.