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.