Vedanta to split into 5 companies in April

Vedanta Limited will split into five listed companies next month under a restructuring programme, the Financial Times reported, citing Chairman Anil Agarwal. He said the combined market capitalisation of the new firms could exceed the group's current $27 billion. The demerger will create Vedanta Limited, Vedanta Aluminium, Talwandi Sabo Power, Vedanta Steel and Iron and MALCO Energy.

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