Vedanta Demerger, April 21 -- Vedanta share price rose over 3% to hit its 52-week high on Tuesday, 21 April, after the Anil Agarwal-led firm fixed May 1 as the record date for the demerger of its businesses into multiple entities.

Under the restructuring plan, Vedanta will demerge its operations into four newly independent companies, including Vedanta Aluminium Metal, Vedanta Iron and Steel, Talwandi Sabo Power, and Malco Energy. Talwandi Sabo Power Limited and Malco Energy Limited will be renamed Vedanta Power and Vedanta Oil and Gas, respectively, to better reflect their sectoral focus.

"This is to inform you that the Board of Directors of the Company ("Board"), at its meeting held on April 20, 2026, as part of the ongoing reorganisat...