Vedanta Limited approves Composite Scheme of Arrangement effective May 1, 2026
Vedanta · Diversified Metals
Key highlights
- Scheme involves demerger of Aluminum, Merchant Power, Oil and Gas, and Iron Ore undertakings into VAML, TSPL, MEL, and VISL respectively, with equity share allotments to Vedanta shareholders on May 1, 2026 record date
- Transfer of non-convertible debentures of the Company forming part of Aluminium Undertaking to VAML, and change in names of TSPL and MEL after scheme effectiveness
- Sale of Vedanta's shareholding in Bharat Aluminium Company Limited (BALCO) to VAML via issuance of Compulsorily Convertible Debentures no less than fair market value, with expected completion by April 30, 2026; BALCO turnover ₹15,909 crore and net worth ₹12,088 crore as of March 31, 2025
Why it's rated notable: not yet binding (letter of intent, proposal or subject to approvals)
Original filing
Announcement under Regulation 30 (LODR)-Restructuring
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More from Vedanta
- Dividend / buyback / bonusMajor developmentVedanta Limited reports record Q2 and H1 FY27 results; Q2 PAT up 151% YoY
- Capex / expansionNotableVedanta Ltd Doubles Zinc Production Capacity in South Africa with US$ 600 Mn Investment
- Capex / expansionNotableVedanta Limited announces production results for Q2 and H1 FY27 ending Sept 30, 2026
- Fundraise / allotmentNotableVedanta Limited allots ₹2,000 crore unsecured Non-Convertible Debentures privately
- Fundraise / allotmentNotableVedanta Limited approves allotment of ₹2000 crore Non-Convertible Debentures
Other acquisition / merger filings this fortnight
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Potential multibaggers · Q2 FY27
Potential multibaggers in Diversified Metals
on management's own guidance
- Pondy OxidesGood growth2
- Strong growth1
- Jain ResourceGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.