The break-up of Vedanta Ltd into five listed entities by early April will create “phenomenal shareholder value”, and the split would give the new units a “free hand to grow”, chairman Anil Agarwal said. In an interview with the Financial Times, the Vedanta chief suggested the combined market capitalisation of the five companies would be much higher than the conglomerate’s current $27 billion level. The new structure would create standalone listed companies for aluminium, zinc, oil and gas, steel and power, Agarwal said, adding that they would collectively have about $7 billion in debt. A private parent company controlled by Agarwal will retain about half the shares in each of the new entities, he added. Late last year, Vedanta overturned a legal challenge to its break-up plan from the Indian government, clearing the way for the split to proceed.

Source: The Telegraph March 30, 2026 16:07 UTC