21/2/2025, 8:08:03 am

Vedanta gets nod to split into five separate entities

Vedanta's demerger plan to split its unified business into separately listed verticals—aluminum, oil & gas, power, and steel—has been approved by 99.99% of shareholders, 99.59% of secured creditors, and 99.95% of unsecured creditors. Each Vedanta shareholder will receive one additional share in each of the four new companies post-demerger, with Hindustan Zinc remaining under Vedanta Limited.