Mining major Vedanta has completed its mega demerger, with investors now awaiting the listings of the four new companies that spun out of the parent company in the process. While the exact dates remain unknown, recent large demergers like those of Tata Motors CV, Siemens Energy, ITC Hotels, Jio Financial Services, Piramal Pharma and NMDC Steel can give us a hint.
In April, Vedanta announced that each of its eligible shareholders would receive one share each of Vedanta Aluminium Metal (VAML), Talwandi Sabo Power (to be renamed Vedanta Power), Malco Energy (to be renamed Vedanta Oil and Gas) and Vedanta Iron and Steel for every share held in the parent company—marking one of the biggest corporate restructurings in India’s metals and mining sector.
