Vedanta Intends To Split Into Five Public Companies In April

Vedanta Ltd. is making a major change in its operations by deciding to split its business into five separate public companies in April 2026 as part of a plan to unlock value and make the company structure less complex.

This was announced by the company chairman, Anil Agarwal, on 29 March 2026. It is intended to give rise to new entities that are well-focused and aligned individually with different business units for better transparency and to attract investors' interest.

As of 30 March 2026 at 10:11 IST, Vedanta’s share price stood at ₹673.40, a ~3% rise from the day’s opening.

Structure Of The Proposed Demerger

Vedanta will be split into five independent listed entities, each as per their existing core business segment:

• Aluminium

• Oil & Gas

• Power

• Steel and Ferrous materials

• Base metals (including zinc and copper)

Each business will operate as a standalone company with its own management, capital structure and growth strategy.

Shareholder Structure And Listing Plan

As per the plan, existing shareholders of Vedanta Ltd. will get shares in all the new companies, so their ownership continues across businesses. The share split process is yet to be finalised.

However, the demerger is expected to create companies that are more focused in their respective segments, help each business get better valuations, and improve how capital is used within them.

The listing of these new entities is expected to start from April 2026, subject to approval from SEBI.

Why Is Vedanta Restructuring?

Vedanta currently operates as a diversified natural resources conglomerate with exposure across metals, mining, energy and oil & gas. However, such conglomerate structures often trade at a “holding company discount,” where the combined valuation is lower than the sum of individual businesses.

The company is currently valued at around $27 billion, but as per an ET report, Anil Agarwal has said the demerger is expected to create “phenomenal shareholder value” over time and a higher valuation of all the companies together, in total.

The company has also been working to manage its high debt levels, with group-level obligations estimated to be around $11 billion. The combined debt of the new entities is expected to be around $7 billion, giving immediate relief to the parent company.

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Vedanta In Recent News

Recently, Vedanta has set 28 March 2026 as the record date for its third interim dividend for FY 2026. The announced dividend was ₹11 per share, leading to a total payout of ₹4,300 crore. Earlier in March, it had approved raising around ₹2,575 crore through the issuance of non-convertible debentures (NCD).

Sources:

ET

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