Vedanta Demerger LIVE: Metals and mining major Vedanta Ltd has completed its landmark demerger process with the listing of its four newly carved out entities on stock exchanges.
The equity shares of four new Vedanta Group companies – Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil & Gas and Vedanta Iron & Steel – were listed in the Indian stock market today, 15 June, marking the final leg of the conglomerate’s mega demerger.
The listing date of these Vedanta demerged entities was fixed as June 15, Monday, and the shares have been listed on both the stock exchanges, BSE and NSE, after a special pre-open session.
These four Vedanta stocks underwent price discovery in a special pre-open session which ran from 9 am to 10 am today on BSE and NSE. Trading in these Vedanta group firms’ shares began at 10:00 AM.
Vedanta Aluminium Metal, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel shares are initially be placed in the Trade-to-Trade (T2T) segment, according to the notices on the stock exchanges.
Vedanta Group Shares Listing Price
Shares of Vedanta Aluminium Metal listed at ₹522 on the NSE and ₹527 on the BSE. Vedanta Power share price opened at ₹41.80 on the NSE and ₹41.30 on the BSE.
Vedanta Oil & Gas share price debuted at ₹38 and ₹39, while Vedanta Iron and Steel shares opened at ₹20 and ₹21 on the NSE and BSE, respectively.
Vedanta Demerger
The Anil Agarwal-led Vedanta group underwent a significant demerger process, marking one of the biggest corporate restructurings in India’s metals and mining space. Vedanta demerger record date was May 1.
Under the 1:1 Vedanta demerger scheme, shareholders received one equity share of each demerged company for every one share held in the currently listed Vedanta Ltd.
Stay tuned for the live updates on Vedanta group shares listing.
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