Vedanta Demerger News: On Tuesday, February 18, Vedanta’s stock fell 2.45% to an intraday low of ₹405 a share on the NSE (National Stock Exchange) ahead of the company’s board meeting with its equity shareholders and secured and unsecured creditors to discuss the highly anticipated demerger. Let’s learn more about the company and unleash the details related to Vedanta Demerger News.
About Vedanta
An industry leader in technology and natural resources, Vedanta operates in South Africa, Namibia, India, and Liberia. With interests in oil and gas, zinc, lead, silver, aluminum, steel, iron ore, copper, power, ferro alloys, nickel, glass and semiconductors, they are a distinctively diversified firm from a wide range of natural resources. As a major conglomerate in technology and natural resources, Vedanta has established itself over the years by concentrating on expanding its portfolio on a big scale in India while maintaining operational excellence that is compared to international standards.
Vedanta Demerger News Details
When the business first suggested the demerger in September 2023, Vedanta Base Metals was one of six entities it had planned for. It did, however, decide in December 2024 to retain the base metals division under the main business. Initially refusing to approve the reorganization, the SBI (State Bank of India) was among the major creditors who approved Vedanta’s demerger in June 2024.
1 share out of the 5 recently listed firms will be distributed to shareholders for each Vedanta share they now own. With this demerger, the company hopes to fully realize the potential of its diverse business. It thinks that restructuring will promote growth, draw in investments, and help to optimize operations.
Vedanta Demerger News: Key Dates
For the Vedanta demerger proposal to proceed, at least 75% of creditors had to support it. Vedanta will require shareholder permission to separate its firm now that the creditors have accepted its demerger plan. Moreover, to determine whether shareholders are eligible to receive shares of new firms under the demerger plan, Vedanta has not yet announced the demerger record and ex-date.
Vedanta Demerger News: Companies Names
Vedanta will divide into five businesses. Four new businesses will emerge in addition to the current one. The four new businesses that will arise from the current corporation are semiconductors, steel, electricity, oil and gas, and aluminum. All of the firms’ names are listed below:
- Malco Energy Limited
- Vedanta Aluminum Metal Limited
- Vedanta Iron and Steel Limited
- Talwandi Sabo Power Limited
- Vedanta Limited
Conclusion
Since the Vedanta Demerger news is all over the internet, the corporation intends to establish distinct organizations that will concentrate on their particular industries without being connected to the broader conglomerate by splitting its varied activities. Clearly this demerger is a sign of good future Prospects not only for the company but for the investors as well.
For additional information, visit the Angelone app, which allows you to start investing right away and set up your Demat account with only one swipe.
Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI-registered advisor before investing anywhere.