FILE PHOTO: The Vedanta logo outside its headquarters in Mumbai
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After splitting its assets into five and listing them separately on the exchanges, Anil Agarwal-led Vedanta plans to spin off its surplus real estate assets in prime locations across India into a separate company, Vedanta Property Platforms, to unlock value.The demerger is planned as a vertical split, wherein for every 20 shares held in Vedanta, shareholders will get one share of VPPL.The surplus real estate portfolio to be demerged comprises 2,200 acres of industrial land and 55,000 sq feet of residential/ commercial properties across Maharashtra, Gujarat, Goa, Karnataka and Tamil Nadu.The surplus land has the potential to create a ₹30,000 crore opportunity in future, said the company.Post the split, the promoter company, Vedanta, will hold 54.72 per cent in the real estate company, while public shareholders will own the remaining.VPPL would issue 3.52 crore and 1.50 crore equity shares each to Group companies Meenakshi and Incab for transferring their surplus land, 25 flats and offices.The demerger will be executed through the approval of a scheme of arrangement by the National Company Law Tribunal, Mumbai. With the board approving the proposal, filing with other regulators is expected in August 2026.Anil Agarwal, Chairman, Vedanta Group, said following the recent success of the five-way demerger creating “pure-play” entities across oil and gas, aluminium, power and steel, the Group plans to demerge the surplus real estate assets into an independent “pure-play” company to unlock significant value for stakeholders.The demerger will give investors interested in the real estate business an opportunity to consider investment in the new entity, while existing investors will have the option to either hold or sell.Over the years, Vedanta and its group companies have accumulated a substantial real estate portfolio comprising non-core, and strategically located land parcels, built-up assets and investments in other real estate owning entities across multiple geographies.These assets, currently housed within the operating business, lack visibility and focus, thereby constraining optimal management, valuation transparency and full development potential.While Vedanta has periodically assessed standalone development options for many years, this exercise has gained renewed momentum over the past few months, said the company.With a view to unlock value for the shareholders, the possibility of carving out the real estate undertaking to a larger pure-play real estate company is contemplated, it said.Published on July 30, 2026
