M&A

M&A

Vedanta’s demerger gets shareholder nod: Aluminium, power, energy, steel units split

Business Line  

The shareholders and creditors of Anil Agarwal-led Vedanta have approved the demerger of the company’s business into four distinct entities.The demerged companies are Vedanta Aluminium Metal, Talwandi Sabo Power, Malco Energy and Vedanta Iron and Steel.These entities, along with the parent company Vedanta, will be listed separately on the stock exchange.Under the demerger plan, Vedanta shareholders will receive one share of each newly formed entity for every share they hold in the listed company as of the record date to be announced.