Vedanta recently underwent its much-awaited demerger, with investors now awaiting the listing of the four new companies that spun out of the mining conglomerate. The company recently shared the cost of acquisition ratio for the equity shares of the company.
In an exchange filing released on Saturday, the company said Vedanta shares will account for more than 52% of the total cost of acquisition of the shares of the company. The remaining cost will be divided among the four new companies, namely Vedanta Aluminium Metal (VAML), Talwandi Sabo Power (to be renamed Vedanta Power), Malco Energy (to be renamed Vedanta Oil and Gas) and Vedanta Iron and Steel.
Malco Energy will account for the biggest share after Vedanta, representing 21.49% of the total cost. It will be followed by Talwandi Sabo Power (12.23%), Vedanta Aluminium Metal (7.15%) and Vedanta Iron and Steel (6.79%).
