The Board of Directors of Vedanta has approved a plan to demerge its diversified businesses into six separate listed companies. This strategic decision aims to create more focused and efficient businesses that can operate independently. The new companies will include: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Ltd. This restructuring will allow each company to allocate its resources more effectively, better manage its risk and achieve greater growth opportunities.
At least nine companies, including ITC, Vedanta, and Tata Motors, have announced plans to undergo demergers.
