Shares of four Vedanta Group firms, namely Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel, listed in the Indian stock market on Monday, 15 June, following a special pre-open session, marking the final leg of the demerger of one of India’s most prominent metal and mining companies.
Shares of Vedanta Aluminium listed at ₹522 on the NSE and ₹527 on the BSE. Vedanta Power opened at ₹41.80 on the NSE and ₹41.30 on the BSE. Vedanta Oil & Gas debuted at ₹38 and ₹39, while Vedanta Iron And Steel opened at ₹20 and ₹21 on NSE and BSE, respectively.
Vedanta’s demerger was approved by the National Company Law Tribunal in December last year. Under the 1:1 approved demerger scheme, shareholders will receive one share of each demerged company for every one share held in the currently listed Vedanta Ltd.
