According to exchange notices issued on Thursday, Vedanta Aluminium Metal Ltd. (VAML), Vedanta Power Ltd. (VEDPOWER), Vedanta Iron and Steel Ltd. (VISL), and Vedanta Oil and Gas Ltd. (VOGL) will be listed on both exchanges. The stocks will participate in a special pre-open session meant for newly listed companies before regular trading commences.
The four entities were demerged from Vedanta Ltd. with effect from May 1, 2026. Under the approved scheme, Vedanta shareholders received one share in each of the four companies for every share held in Vedanta Ltd. The record date for determining eligible shareholders was also May 1.
Exchange notices showed that all four companies will initially trade in the ‘BE’ series and will subsequently migrate to the ‘EQ’ series in accordance with SEBI regulations.
The listing marks the culmination of Vedanta’s long-awaited plan to separate its businesses into focused entities spanning aluminium, power, iron and steel, and oil and gas. The group has argued that the restructuring will help unlock value, enable business-specific growth strategies and provide investors with direct exposure to individual sectors.
Speaking to CNBC-TV18 last month, Vedanta Group Chairman Anil Agarwal said the demerged companies would operate with strong standalone management teams and greater operational focus. He also outlined ambitious expansion plans, stating that the combined businesses are expected to target $10 billion in EBITDA over the coming years.
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Agarwal added that the group plans to invest $20 billion in future growth projects and aims to increase production across its businesses by nearly two-and-a-half times, supported by a mix of internal accruals, debt and potential equity raising.
