Metals and mining major Vedanta has undergone a mega demerger, with several investors now wondering what will happen to the Anil Agarwal-led conglomerate’s long tradition of consistent dividend payouts.
The company in April this year announced that each of its eligible shareholders will get one share of Vedanta Aluminium Metal (VAML), one share of Talwandi Sabo Power (now renamed to Vedanta Power), one share of Malco Energy (to be renamed to Vedanta Oil and Gas) and one share of Vedanta Iron and Steel, for every share held in Vedanta, marking one of the biggest corporate restructuring in India’s metals and mining space.