Vedanta’s five newly demerged entities likely to list by mid-June

Vedanta’s five new separate entities after the demerger will seek approval from exchanges to list the shares of those companies. Upon approval, the listings are expected by mid-June.

According to reports, the conglomerate could approach the exchanges next week for clearance.

Vedanta’s much-awaited demerger took effect on May 1, 2026. Under the scheme, the company has carved out its existing business into five separate entities.

The four entities emerging from the demerger are: Vedanta Aluminium Metal Limited (VAML), Vedanta Power Ltd, Vedanta Oil & Gas, and Vedanta Iron and Steel Limited (VISL).

Share listing process to take four to six weeks

The share listing process following the demerger is expected to take around four to six weeks. During this period, the four newly formed companies will need to secure necessary approvals from regulators, including the Securities and Exchange Board of India, as well as stock exchanges. Their equity shares are proposed to be listed on both the BSE and the National Stock Exchange.

During a Q4 2026 earnings call, Ajay Goel, CFO of Vedanta Group, said the company is targeting a listing of these entities within the first quarter of the current financial year (Q1FY27).

Under the approved demerger ratio, Vedanta shareholders eligible as of the record date (May 1) will get proportionate ownership in each of the four new entities. Specifically, shareholders will receive four additional shares—one in each of the new companies—for every one share held in Vedanta on the record date.

Demerger to cut debt, simplify structure

Vedanta Oil & Gas and the iron & steel businesses are expected to emerge with near-zero net debt, while the remaining three verticals will carry debt levels aligned with their respective earnings and repayment capacity, Goel said.

Earlier, Vedanta had stated that the demerger would simplify its corporate structure by creating sector-focused, independent businesses. This, it said, would open up direct investment opportunities for global investors, including sovereign wealth funds, retail participants, and strategic players, by offering exposure to pure-play companies tied to India’s growth story and backed by its asset base.

The company also noted that the move would allow each business unit to pursue its strategy with greater flexibility and align more effectively with customers, investment cycles, and market dynamics.