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The 5 new companies will be named Vedanta Aluminum, Vedanta Oil and Gas, Vedanta Power, Vedanta Steel and Ferrous Materials and Vedanta Base Metals. Vedanta will act as an incubator for Vedanta Group, while also functioning as the holding company for Hindustan Zinc.
The board of Vedanta Ltd has approved a demerger plan of Vedanta Ltd into five entities in a 1:1 vertical split. Investors can expect to get five shares in Vedanta Aluminium, Oil & Gas, Power, Steel & Ferrous Materials, and Base Metals for