Vedanta demerger update: Soon-to-be-listed power arm renamed Vedanta Power

Amid the ongoing buzz around the restructuring, Vedanta Ltd on Wednesday, June 3, announced that the Registrar of Companies (RoC), under the Ministry of Corporate Affairs (MCA), has approved the change in the name of its power subsidiary from Talwandi Sabo Power Limited to Vedanta Power Limited, effective June 3, 2026.

Accordingly, the company will operate under the name Vedanta Power Limited from June 3, 2026.

Vedanta demerger: A quick recap

Vedanta shares have been trading ex-demerger since April 30, 2026, following a special trading session conducted to discover the price of the residual listed entity after the proposed spin-off.

Under the demerger scheme, Vedanta’s businesses are being split into five independent companies (including the existing one), and the parent stock now represents only the residual business value.

According to the exchange filing, under the composite scheme of arrangement, shareholders of Vedanta received equity shares in four businesses in a 1:1 ratio.

Post demerger, the Vedanta group will comprise five standalone entities, each focused on a specific business vertical: Vedanta (Residual Entity), Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron and Steel.

Latest updates

On May 29, 2026, Vedanta Group said that it had received its highest domestic credit rating in over a decade after rating agency ICRA upgraded the long-term ratings of its key group entities to AA+.

Securities with an AA+ rating are considered to have a high degree of safety regarding the timely servicing of financial obligations. Such securities carry very low credit risk.

This reinforces confidence in the group's strong operational performance along with its robust financial profile and structural efficiencies post-demerger, Vedanta said in a statement.

"ICRA upgraded the long-term ratings of Vedanta Ltd and Vedanta Aluminium Metal Ltd (VAML) to AA+ with a stable outlook, while Talwandi Sabo Power Limited (TSPL) was upgraded to AA- Stable from A+/WatchDeveloping," Vedanta said in a statement.