# Vedanta to demerge into six listed companies

Vedanta Ltd announced plans to demerge five of its key businesses (aluminium, oil & gas, power, steel and ferrous materials, base metals) into separate listed entities, with shareholders receiving one share in each new company for every share held.

- Type: Acquisition
- Announced: 2023-09-29
- Where: India
- Status: announced
- Products: aluminium, oil and gas, power, steel and ferrous materials, base metals
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Vedanta](https://endata.com/companies/10003.md)

## Sources

- [news18.com](https://www.news18.com/business/anil-agarwal-vedanta-vedanta-demerger-news-8597203.html), 2023-09-29: "By demerging our business units, we believe that will unlock value and potential for faster growth in each vertical."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.