New Delhi, Feb. 26 -- Vedanta Ltd., a leading private-sector mining giant last week secured approval from its shareholders and creditors to proceed with its much-anticipated demerger plan.

The restructuring will result in the creation of five independent, sector-specific entities and the management expects the demerger process to be finalized by the first quarter of the financial year 2026.

The earlier plan was to split the existing listed entity into six separate listed companies. However, earlier this year, the company announced that it will not be demerging its base metals unit and that will be considered in the future once the business matures and realises the full potential for value creation for shareholders.

On February 18, 2025...