Four demerged Vedanta companies to list on Exchanges on June 15

Vedanta Group’s four newly demerged companies will begin trading on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on June 15, Monday, according to stock exchange filings.

Along with the already listed Vedanta Ltd, four new companies, namely Vedanta Aluminium Metal (VAML), Vedanta Oil & Gas (VOGL), Vedanta Power, as well as Vedanta Iron & Steel (VISL), will also be listed separately after the demerger.

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The demerger is expected to unlock significant shareholder value by creating focused, sector-specific companies with independent management and capital allocation strategies, even as it is expected to offer investors the flexibility to invest in individual sectors, rather than through a single diversified holding company.

The Vedanta demerger was approved by the National Company Law Tribunal (NCLT) in December 2025, according to which shareholders will receive one share of each of the four newly created companies for every share they held in Vedanta Ltd, under the 1:1 share entitlement ratio.

The already listed Vedanta Ltd will continue to hold some of the group’s major metals and mining assets, including its stake in Hindustan Zinc, zinc international operations, copper business, ferrochrome operations and several emerging mineral businesses.

According to the company, the post-demerger Vedanta Ltd will primarily focus on critical minerals and strategic metals.

The demerger plan was first announced in September 2023 as part of billionaire Anil Agarwal’s strategy to create pure-play businesses across its key sectors. The company had initially proposed six separate listed entities, but the final structure was streamlined into five businesses, including Vedanta Ltd.

The move came amid efforts to simplify the group’s complex corporate structure, improve value discovery and provide greater financial and operational flexibility to each business.

Earlier, Vedanta Resources Chief Executive Officer Deshnee Naidoo had hinted during an investor call after the company’s fourth quarter earnings that the demerged entities would begin trading by mid-June.

Vedanta stated that the restructuring based on a demerger will simplify its corporate structure by creating independent, sector-focused companies as well as provide direct investment opportunities to a broader pool of investors, including sovereign wealth funds, strategic investors and retail shareholders.

The demerger will allow each company to pursue its independent growth strategy more effectively, improve alignment with customers and market cycles, and enhance operational agility in its respective sectors.