Mumbai, July 30 -- Vedanta Ltd said on Thursday it will demerge its newly formed real estate company into a separately listed entity, creating a sixth listed group company. The billionaire Anil Agarwal-led company made the announcement just weeks after it completed a lengthy restructuring into five separately listed companies.

"This is yet another exciting announcement from Vedanta. After the recent success of the five-way demerger creating 'pure-play' entities across oil and gas, aluminium, power and steel, we plan to demerge the surplus real estate assets into an independent 'pure-play' company to unlock significant value for the stakeholders," Agarwal said in a statement.

Shareholders of Vedanta Ltd will get a share of Vedanta Proper...