Corporate Action20 Apr 2026, 05:11 pm
Vedanta Approves Demerger Scheme Effective May 1
AI Summary
Vedanta Ltd's Board of Directors has approved a demerger scheme, effective May 1, 2026. The record date for shareholder consideration is also set for May 1, 2026. The scheme involves the demerger of Aluminum, Merchant Power, Oil and Gas, and Iron Ore undertakings into VAML, TSPL, MEL, and VISL, respectively. Shareholders will receive equity shares in these entities based on specific ratios. Additionally, Vedanta's shareholding in BALCO will be transferred to VAML. Non-Convertible Debentures linked to the Aluminium Undertaking will be transferred to VAML.
Key Highlights
- Demerger scheme approved, effective May 1, 2026.
- Record date for shareholder consideration set as May 1, 2026.
- Multiple undertakings (Aluminum, Power, Oil & Gas, Iron Ore) to be demerged.
- Shareholders to receive equity in demerged entities based on set ratios.
- BALCO shareholding to be transferred to VAML.
VEDLDiversified Metals
Vedanta LimitedPrice Impact