Vedanta has concluded the much-awaited demerger, with investors now awaiting the listing of the four new entities that spun-out from the demerger, marking one of the biggest corporate restructuring in India’s metals and mining space. Here’s everything shareholders should know
Listing date
Investors in Vedanta will finally get a price for the group's demerged businesses on June 15, when four newly created entities. Here are 4 new companies.
Vedanta Aluminium
India's largest aluminium producer, plans to double its capacity to 6 million tonnes and aims to strengthen its position as one of the world's lowest-cost producers.
Vedanta Oil & Gas
Built around the group's Cairn assets, is targeting production of 300,000-500,000 barrels per day backed by a planned investment of $5 billion. The company is currently India's largest private-sector upstream oil and gas producer.
Vedanta Power
It enters the market with 4.2 GW of operational generation capacity and a 12 GW expansion pipeline. The company has also outlined plans to diversify into hydropower and nuclear energy alongside conventional thermal generation.
Vedanta Iron & Steel
It is expected to focus on expanding green steel and specialty steel production, leveraging the group's raw material linkages and infrastructure assets.
Can you buy or sell?
While Vedanta shares have continued trading after the record date, investors have been unable to transact in the demerged entities until now. As a result, a part of shareholder value has remained locked in the absence of market-driven price discovery.
Special session
The shares of these Vedanta demerged entities will participate in a special pre-open session meant for newly listed companies before regular trading commences. These shares will be in the Trade-for-Trade segment for 10 trading days.
Vedanta demerger record date
The demerger became effective earlier this year, with Vedanta fixing May 1 as the record date.
