Vedanta Demerger: 4 New Entities Listed; Vedanta Aluminium Shares Slip 5%

Metals and Mining major Vedanta’s long-awaited demerger process was completed on June 15, with four newly carved-out businesses making their stock market debut on the BSE and NSE. The listing marks the completion of billionaire Anil Agarwal-led Vedanta’s restructuring plan aimed at creating focused, sector-specific companies and unlocking value for shareholders.

The four newly listed entities are Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil & Gas and Vedanta Iron & Steel. Under the demerger scheme, existing Vedanta shareholders received one share of each of the four companies for every Vedanta share they held.

Among the new companies, Vedanta Aluminium attracted the most attention from investors. The stock debuted at Rs. 522 on the NSE and Rs. 527 on the BSE, making it the highest-valued entity among the four. Market participants view the aluminium business as the group’s potential “crown jewel” due to its scale, profitability and growth prospects. However, by the end of the session, shares of the company fell 5 per cent to end at Rs. 495.9 per share on NSE.

Vedanta Power is listed at Rs. 41.80 on the NSE and Rs. 41.30 on the BSE, while Vedanta Oil & Gas began trading at Rs. 38 and Rs. 39 on the NSE and BSE, respectively. Vedanta Iron & Steel opened at Rs. 20 on the NSE and Rs. 21 on the BSE.

The demerger created five separate listed companies, including the existing Vedanta Ltd, allowing each business to pursue its own growth strategy, attract sector-specific investors and raise capital independently. This move is expected to improve transparency and help investors assign more accurate valuations to individual businesses that were previously bundled under a single conglomerate structure.

According to market estimates, the restructuring has already generated significant shareholder wealth, with investors benefiting from the market value assigned to the newly listed companies. The record date of the demerger was May 1. With the listings complete, investors will now closely track the performance of the individual companies to determine whether Vedanta’s ambitious demerger succeeds in delivering sustained value creation over the long term.

Meanwhile, Vedanta Chairman Anil Agarwal on June 15 indicated a possible relisting of parent company Vedanta Resources overseas, and laid out an expansion plan across its firms. He said that each vertical company has the potential to become a USD 100 billion company over a period, as the group company aims to scale up operations across metals, mining, oil and gas, power and critical minerals.