Vedanta's historic five-way split begins in April. India's $37 billion resources giant will demerge into separate aluminium, zinc, oil and gas, steel, and power companies, chairman Anil Agarwal confirmed. The restructuring aims to unlock shareholder value, with combined market capitalization potentially doubling from current $27 billion levels. Each new entity will operate independently with greater growth flexibility. Debt will consolidate at approximately $7 billion across the five units. Agarwal's private holding company will retain roughly half the shares in each new entity. This demerger represents a major shift in India's industrial landscape after years of planning and regulatory hurdles. The move positions Vedanta to compete more effectively in global commodity markets.
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