Vedanta Approves BALCO Share Transfer to VAML
Vedanta Limited's Board of Directors has approved the transfer of its shareholding in Bharat Aluminium Company Limited (BALCO) to its wholly-owned subsidiary, Vedanta Aluminium Metal Limited (VAML). This move is part of an ongoing reorganisation process. The transfer agreement is expected to be signed by April 30, 2026, with completion anticipated by the same date. VAML will issue Compulsorily Convertible Debentures (CCDs) equivalent to BALCO's fair market value as consideration. BALCO contributed approximately 10% of Vedanta's consolidated turnover and 39% of its net worth in FY25. The Board also set May 1, 2026, as the record date for determining shareholders eligible for consideration in a broader demerger scheme involving other undertakings.
Key Highlights
- Vedanta approves transfer of BALCO shares to subsidiary VAML.
- Transaction is part of a larger corporate reorganisation.
- BALCO contributed 10% of consolidated turnover and 39% of net worth in FY25.
- Consideration for BALCO transfer will be Compulsorily Convertible Debentures.
- Record date for related demerger scheme set for May 1, 2026.
Price Impact