Vedanta announces a demerger to divide its activities into six publicly traded firms

Vedanta Limited, headed by billionaire Anil Agarwal, announced the creation of separate verticals on September 29 in order to unlock potential value by demerging the underlying industries, namely its metals, electricity, aluminium, and oil and gas operations.

“We believe that by demerging our business units, each vertical will be able to unleash value and the possibility for quicker growth. While they are all classified as natural resources, each has its own market, supply and demand patterns, and the ability to use technology to boost efficiency, according to Vedanta Chairman Anil Agarwal in a statement following the board meeting.

Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Limited are the six independent listed companies that the company intends to create.