Mining giant Vedanta, led by Anil Agarwal, is set to undergo a significant demerger on May 1, 2023, which will result in the formation of four distinct companies: Vedanta Aluminium Metal, Talwandi Sabo Power, Malco Energy, and Vedanta Iron and Steel. Each eligible shareholder will receive one share of each new entity for every share they hold in Vedanta. This restructuring allows shareholders to invest directly in sector-specific firms rather than a diversified conglomerate. While the record date has been announced, the exact dates for the new companies to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) are yet to be disclosed. Based on past demergers, the listing could occur within 4-8 weeks after the record date, though timelines may vary due to regulatory processes. Recent examples show that listing timelines can range from three weeks to several months, with some companies experiencing significant premiums or discounts upon their debut.