NEW DELHI: Barely two months after listing four demerged units, mining conglomerate Vedanta Limited is now demerging its real estate business as it seeks opportunities in a sector which has become a favourite of many business houses.
Vedanta Ltd announced that it would demerge its surplus real estate assets accumulated at prominent locations across India into Vedanta Property Platforms Limited (VPPL). The proposed demerger will unlock value out of these surplus assets, said the company.
The demerger is planned to be a vertical split, wherein for every 20 shares of Vedanta Limited, the shareholders of Vedanta will receive 1 share of VPPL. Vedanta has a total of 22 assets across India, which together account for 2,264 acres of land (14 land parcels) and 53,185 sq. ft. of residential and office space (8 units).
“After the recent success of the five-way demerger creating "pure-play" entities across oil and gas, aluminium, power, and steel, we plan to demerge the surplus real estate assets into an independent “pure-play” company to unlock significant value for the stakeholders,” said Anil Agarwal, Chairman of Vedanta Group.
Vedanta's real estate business had a turnover of Rs 1.26 crore or 0.001% of the total standalone turnover of Vedanta, as on March 31, 2026. The demerger will be consummated through the approval of a scheme of arrangement by the National Company Law Tribunal, Mumbai in accordance with the applicable law.
In its exchange filing, Vedanta highlighted that the demerger will lead to the creation of an independent global scale company focusing on the real estate business and take advantage of the growth potential specific to the sector.
Consolidated Q1 net profit up 71.80%
Vedanta Ltd on Thursday reported a 71.8% year-on-year rise in consolidated net profit at Rs 5,473 crore in the quarter ended June 2026 (Q1FY27), citing higher sales amid rising global metal prices and a lower exchange rate of the rupee. Revenue from operations rose by 53.6% in the reported quarter to Rs 24,205 crore.
"We have delivered a strong start to FY27, with robust performance across all business segments of demerged Vedanta... This consistent operational execution across our portfolio reflects the strength of our underlying asset base and our continued focus on volume growth, cost efficiency and value creation," Vedanta Ltd Executive Director Arun Misra said.
The board approved the re-appointment of Misra as an Executive Director and additionally designated him as Chief Executive Officer of the company for one year effective from August 1, 2026, subject to approval of the shareholders.
