Mumbai, April 20 -- The company has fixed 1 May 2026 as the record date to determine eligible shareholders for the issuance of shares in the newly carved-out entities.

Under the approved scheme, shareholders of Vedanta will receive shares in four separate businesses covering aluminium, power, oil and gas, and iron ore. Each of these demerged entities will issue shares in a 1:1 ratio to existing shareholders.

As part of the restructuring, Vedanta Aluminium Metal, Talwandi Sabo Power, Malco Energy and Vedanta Iron and Steel will emerge as independent entities aligned to specific business verticals. The company also noted that Talwandi Sabo Powerand Malco Energy will be renamed Vedanta Power and Vedanta Oil and Gas, respectively, subject t...