Vedanta to demerge real estate business into Vedanta Property Platforms
Vedanta's board approved a plan to demerge its real estate business into a new entity, Vedanta Property Platforms, aimed at unlocking value from its surplus assets. Shareholders will receive one share of the new company for every 20 shares held in Vedanta, with the demerger involving approximately 2,200 acres of industrial land and 55,000 sq ft of residential and commercial properties across India. The move is expected to enhance management focus and transparency in the real estate segment.