Vedanta to Split into Five Companies: What it Means for Shareholders

• Vedanta to demerge into five independent listed companies starting April, as per Chairman Anil Agarwal.
• NCLT approved the demerger in December 2025; shareholders and creditors gave approval on February 18, 2026.
• Vedanta Aluminium, Talwandi Sabo Power, Vedanta Steel and Iron, and MALCO Energy will be new entities, with base metal business remaining with Vedanta Limited.
• Combined market capitalization of the five companies is expected to exceed current $27 billion; Anil Agarwal's private holding company will hold ~50% in each.
• Existing shareholders will receive shares in all newly listed companies, potentially gaining stakes in multiple entities for one share.