Vedanta to Split Off Real Estate into Vedanta Property Platforms
Representative AI image NEW DELHI: Vedanta’s board has sanctioned a draft scheme to demerge its real estate segment into Vedanta Property Platforms, as stated in a BSE filing. This proposed demerger, to be conducted on a going concern basis, aims to unlock value from Vedanta’s surplus real estate assets throughout India. The demerger is structured as a vertical split, where shareholders will receive one share of Vedanta Property Platforms for every 20 shares they hold in Vedanta. The surplus real estate portfolio set for demerger covers approximately 2,200 acres of industrial land and around 55,000 square feet of residential and…