Vedanta Group's Demerged Businesses to List on Stock Exchanges on Monday

Vedanta Group's Demerged Businesses Set to List on Indian Stock Exchanges

Vedanta group's four demerged businesses are expected to list on the Bombay Stock Exchange and National Stock Exchange on Monday, according to sources. This move will see the shares of four newly created entities, Vedanta Aluminium Metal (VAML), Vedanta Oil & Gas (VOGL), Vedanta Power, and Vedanta Iron & Steel (VISL), begin trading on Indian stock exchanges, in addition to Vedanta Ltd, which is already listed.

The demerger, which was approved by the National Company Law Tribunal in December last year, is expected to unlock substantial value for shareholders. Each company will now operate independently and raise capital as per its business plans, giving investors an opportunity to invest in a specific sector. Under the 1:1 approved demerger scheme, shareholders will receive one share of each demerged company for every one share held in the currently listed Vedanta Ltd.