Business EconomyPosted at: Jun 15 2026 5:47PM


Four demerged Vedanta Cos make debut on stock exchanges

Mumbai, Jun 15 (UNI) Equity shares of the Anil Agarwal-led Vedanta group's four newly demerged companies, namely Vedanta Oil & Gas Ltd, Vedanta Aluminium Metal Ltd, Vedanta Power Ltd as well as Vedanta Iron & Steel, made their debut by listing on the BSE and the NSE here today.
The listing date of these Vedanta demerged entities was fixed as June 15 (Monday), and the shares got listed on both the BSE and the NSE, after a special pre-open trading session.
All four Vedanta stocks underwent price discovery in the special pre-open session which ran from 9 am to 10 am today morning on both the BSE and the NSE, after which formal trading in these Vedanta group firms’ shares began at 10 am.
According to stock exchange notices, Vedanta Aluminium Metal, Vedanta Oil & Gas, Vedanta Power as well as and Vedanta Iron & Steel equity shares have been initially placed in the Trade-to-Trade (T2T) segment.
After regular trading commenced, equity shares of Vedanta Aluminium Metal listed at Rs 522 on the NSE and Rs 527 on the BSE, while Vedanta Power opened at Rs 41.80 on the NSE and Rs 41.30 on the BSE.
Vedanta Oil & Gas debuted at Rs 38 and Rs 39, while Vedanta Iron & Steel shares opened at Rs 20 and Rs 21 on the NSE and BSE.
The demerged companies have been spun off from the Vedanta group's aluminium, oil and gas, power, and iron and steel businesses into demerged and separately listed companies, with shareholders receiving one share in each entity for every Vedanta share held as of the record date.
Despite the declines from listing prices, the combined value of Vedanta Ltd and the four demerged entities remained significantly above Vedanta's pre-demerger valuation. Based on prevailing market prices, the five demerged companies were collectively valued at around Rs 901 per original Vedanta share, compared to Vedanta's pre-demerger closing price of Rs 773.6 on April 29.
The aluminium business continued to account for the largest share of the group's value. Even after Monday's decline, Vedanta Aluminium Metal was valued at nearly Rs 498 per share, making it the most valuable of the four demerged companies and underscoring investor preference for the group's flagship aluminium operations.
The listings of the demerged Vedanta companies mark the culmination of a restructuring aimed at creating focused sector-specific businesses with independent management teams and capital allocation frameworks. These separately listed companies are expected to improve transparency and allow investors to value each business independently, thus potentially reducing the conglomerate discount which had weighed on Vedanta's valuation earlier.
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