Vedanta’s 20 Lakh+ Retail Shareholders to Benefit as Demerger Enters Final Phase

Mining and natural resources major Vedanta’s much-anticipated demerger, which will create five sector-specific entities, has entered its final phase. The Mumbai bench of the National Company Law Tribunal reserved its judgment in November, with a likely pronouncement in December 2025.

Proposed in September 2023, the demerger has been delayed by court-related procedures, taking over two years and now entering its final phase.

Vedanta Limited is one of India’s largest mining and natural resources companies. The demerger is likely to result in significant value creation for shareholders, as metal prices have rallied this year, driving a year-to-date surge of nearly 20% in the Vedanta stock.

As of September 2025, Vedanta has nearly 2021184 retail shareholders (resident individuals), who collectively hold almost 44.63 crore shares in the company. Vedanta also has investments by almost 25,000 Non-Residential Indians, who collectively hold 1.79 crore shares in the company.

Vedanta is a leading Indian natural resources company with a significant global footprint. It has proposed demerging its business units into independent “pure play” companies to unlock value and attract big-ticket investment for expansion and growth.

The company has an asset portfolio comprising zinc, silver, lead, aluminium, chromium, copper, nickel, oil and gas, a traditional ferrous vertical including iron ore and steel, and power, including coal and renewable energy.

After the demerger, each independent entity will have greater freedom to grow to its full potential and realize its true value through independent management, capital allocation, and niche growth strategies. It will also give global and Indian investors the possibility to invest in their preferred vertical, broadening the investor base for Vedanta assets.

The de-merger is planned to be a simple vertical split; for every one share of Vedanta Limited, the shareholders will additionally receive one share of each of the demerged companies.

The demerger will benefit Vedanta’s shareholders as it will simplify Vedanta’s corporate structure with sector-focused independent businesses. It will also provide global investors, including sovereign wealth funds, retail investors, and strategic investors, with direct investment opportunities in dedicated, pure-play companies linked to India’s remarkable growth.

Due to the demerger, each demerged company will have self-driven management teams, providing a platform for individual units to pursue strategic agendas more freely and better align with customers, investment cycles, and end markets. The demerger will also enable investors to value the growth stories within Vedanta’s businesses easily.

Vedanta Resources Raises $1.1 Bn Through a New Dual Tranche Bond Issuance

• Marquee investors from the United States, EMEA and Asia amongst major investors.
• Bonds are expected to be rated ‘B’ by S&P Global and ‘B2’ by Moody’s Ratings
• Moody's upgraded VRL corporate family rating (CFR) to B1 from B2 on back of recent moves.
• VRL has raised $3.1bn in USD bonds since September 2024.

Vedanta Resources has raised $1.1 billion through a new dual tranche issuance in international debt capital markets, the company said in a Singapore exchange filing.

As per the exchange filing, the bond issuance consists of two tranches – a $550mn tranche of 5.5 years tenor at 9.475% interest rate and a $550mn tranche of 8.25 years tenor at 9.850% interest rate. Both tranches garnered strong investor demand with the bonds receiving final orders of $3.4 bn from over 135 accounts, representing an oversubscription of 3.1x, the company said. The net proceeds will be used to prepay VRL’s outstanding bonds and pay any related transaction costs.

The final bonds allocation included 61% from Asia, 30% from EMEA, and 9% from US for the 5.5-Year Tranche and 54% from Asia, 30% from EMEA, and 16% from US for the 8.25-Year Tranche.

Ajay Goel, Chief Financial Officer said

The latest transaction marks the complete refinancing of Vedanta’s restructured bonds. The strong interest in the series of transactions reflects significant investor confidence in the several strategic steps that Vedanta has taken over the last several quarters in terms of delivering record production, cost rationalization and deleveraging.

VRL has refinanced $3.1bn in US dollar bonds since September 2024 through four successive international bond transactions. The total quantum of USD bonds raised by Vedanta marks the largest amount raised by an Indian issuer since 2022. The issuance marks an important step for VRL which has reduced it's debt by $4.6 billion over the past 3 years, bringing it to its lowest level in a decade.

Two major agencies, Moody’s and S&P Global upgraded VRL's and its instruments’ ratings citing recent developments. On January 13, Moody's said it had upgraded VRL’s corporate family rating to B1 from B2 and that on the senior unsecured bonds guaranteed by VRL to B2 from B3, a one notch upgrade, while maintaining a stable outlook. Moody’s has assigned a B2 rating to VRL's proposed senior unsecured bond issuance.

S&P Global too assigned a preliminary rating of ‘B’ on VRL’s senior unsecured notes on January 13. This is one notch upgrade from the current one. It has placed the rating on credit watch positive.

BALCO Employee Secures All India Rank 1 in UPSC Combined Geo-scientist Examination-2020

Vedanta employee Toshit Trivedi secures AIR 1 in UPSC exam

New Delhi, 6th August, 2021: Vedanta Aluminium Business, India’s largest producer of aluminium and value-added products, employee Toshit Trivedi secures the coveted All India Rank 1 in the prestigious UPSC Combined Geo-Scientist Examination-2020. 

Toshit has been working as a geologist at Chotia mines, based at Vedanta’s Chhattisgarh based-subsidiary, Bharat Aluminium Company (BALCO). Hailing from Banswara, Rajasthan, Toshit has completed his Post Graduation from Banaras Hindu University (BHU) and was a gold medalist in both UG & PG courses. This was his first attempt at the UPSC Combined Geo-Scientist exam. He aspires to join the Geological Survey of India, Ministry of Mines, Government of India, as a Scientific Officer ‘Group A’, and contribute towards the socio-economic development of the country.

Extending his congratulations, Mr. Abhijit Pati, CEO & Director, BALCO, said -

Toshit is a very talented and focused young man, who is determined to make a difference with his professional aspirations. The BALCO family is immensely proud of his superlative achievement, and we wish him the best in his career! At BALCO, we firmly believe that our people are our greatest assets and strive to enable them for fulfilling their personal and professional aspirations by providing a meaningful, supportive, and empowering environment. Toshit is an illustrious example of the quality of our talent pool, and we are committed to the holistic growth and development of our entire workforce.

Highly motivated and jubilant after his stellar success, Toshit says, “I am deeply thankful to my parents, teachers, colleagues and friends for their constant support and motivation. I am grateful and privileged to have been a part of this esteemed organization and take this opportunity to thank Vedanta and BALCO for all the support and cooperation that they have extended throughout my journey here. Working as a geologist with the Chotia team gave me a sound technical exposure. With that enriching experience to guide me, I look forward to serving the nation to the best of my abilities.”

Vedanta Aluminium fosters a Culture of Care that extends to its people, communities, and the environment. The company has adopted global best-in-class practices and cutting-edge technologies to propel its endeavors towards the same. An equal opportunity employer and a strong advocate for diversity at workplace, BALCO has deployed Vedanta’s best-in-industry talent management programs and rewards & recognition schemes for its employees. Few examples:

• Vice Chairman’s Internal Growth Workshop, a robust programme for identifying high potential employees early on in their careers and giving them enhanced roles and responsibilities, followed by a structured review mechanism to map their growth and performance. 1000+ leaders have been groomed via this initiative across various businesses.
• V-REACH (Graduate Development Programme), a programme that seeks to identify and develop young leaders from the graduate employees’ cadre and map them to significantly elevated roles.
• V-LEAD (Diversity Development Programme) to identify highly potential women candidates early on and groom them into leadership roles.
• Equal opportunity employer – Vedanta’s ethos of gender-agnostic job roles have seen the company become India’s first to have women as mine managers, a feat of true women empowerment.
• ACT-UP, a talent identification assessment programme, is conducted company-wide each year through which hundreds of ‘Business Stars’ and ‘Technical Stars’ are identified for accelerated career development with customized Individual Development Plans (IDP).
• Through V-CONNECT, a robust mentorship programme, Vedanta has mapped each high potential employee with a mentor to guide them through a personal and professional development journey.
• Chairman’s Awards and CEO’s Awards have been instituted to acknowledge exemplary contribution by employees to further the organizational goals.

Vedanta Aluminium Business, a division of Vedanta Limited, is India’s largest manufacturer of aluminium, producing half of India’s aluminium i.e., 1.96 million tonnes in FY21. It is a leader in value-added aluminium products that find critical applications in core industries. With its world-class Aluminium Smelters, Alumina Refinery and Power Plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.