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Vedanta announced plans to demerge its business units into independent “pure play” companies to unlock value and attract big ticket
investment into the expansion and growth of each of the businesses.
Vedanta Limited Board approved a pure-play, asset-owner business
model that will ultimately result in six separate listed companies, namely:
• Vedanta Aluminium
• Vedanta Oil & Gas
• Vedanta Power
• Vedanta Steel and Ferrous Materials
• Vedanta Base Metals
• Vedanta
The de-merger is planned to be a simple vertical split, for every 1 share of Vedanta, the shareholders will additionally receive 1 share of each of the 5 newly listed companies.
Further, the Board of Hindustan Zinc (HZL) (subsidiary of Vedanta) announced a comprehensive review of its corporate structure for unlocking potential value and intention to create separate legal entities for undertaking the Zinc & Lead, Silver and Recycling business of HZL.
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