Vedanta Ltd. is reportedly preparing to undertake a significant restructuring, spinning off various businesses into separate listed entities, including aluminum, oil and gas, iron ore, and steel. The move, if successful, could help tycoon Anil Agarwal manage the debt burden of his conglomerate, which spans metals to energy. The company has notified its lenders about the intended restructuring and may announce the plans in the near future. Vedanta Resources, the parent company, will continue to serve as the holding company. However, the final decisions on the structure and timing of the demerger are still pending. The move aims to simplify the complex corporate structure that has been a long-standing concern for Vedanta Resources, especially as it faces the redemption of around $2 billion in bonds next year.