Vedanta Resources, led by Anil Agarwal, has designated May 1 as the record date for the demerger of its operations into five distinct entities. The restructured companies will include Vedanta Aluminium Metal, Talwandi Sabo Power, Malco Energy, and Vedanta Iron and Steel.
Shareholders who own Vedanta shares on the record date will be entitled to receive one share in each of the newly created firms for every shared VEDL they hold. Following the restructuring, Talwandi Sabo Power and Malco Energy will be renamed Vedanta Power and Vedanta Oil and Gas, respectively.
Additionally, Vedanta has approved the transfer of its stake in Bharat Aluminium Company (Balco) to Vedanta Aluminium. The company confirmed that non-convertible debentures associated with the aluminium division will also be transferred to Vedanta Aluminium Metal Limited (VAML) on the record date.
This strategic decision is part of Vedanta’s broader plan to streamline its operations and enhance shareholder value.
Published on April 20, 2026.
