Vedanta Demerger Record Date: Vedanta shares gained in early trade on April 29, rising about 1.55 per cent to Rs 750.70 apiece on the NSE after slipping to an intraday low of Rs 732.20. The stock is seeing renewed buying interest as investors position themselves ahead of a key corporate event.
The counter had recently touched a 52-week high of Rs 795 on April 21, after the company announced the record date for its demerger. Since then, it has cooled off by a little over 5.50 per cent.
All focus is now on April 30, when Vedanta will go through a special pre-open price discovery session ahead of its demerger. On this day, the stock will trade ex-demerger, which means its price will be adjusted downward to reflect the separation of four new entities. This fall in price will be purely technical and will not indicate any actual loss in investor value. Once the new companies are listed, overall portfolio valuations are expected to adjust accordingly.
Vedanta Demerger Ratio
Vedanta is set to split into five separately listed companies. These will be Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Iron & Steel, and the remaining Vedanta Limited. Existing shareholders will receive one share each in all four demerged companies for every one Vedanta share held.
April 29 is the last day to buy Vedanta shares to qualify for the demerger benefits under the T+1 settlement rule. Since April 30 is the ex-date, investors buying shares on or after that day will not be eligible.
What To Expect On April 30 And After The Demerger
On April 30, Vedanta will hold a special pre-open Session from 9:15 AM to 9:45 AM to determine the stock’s ex-demerger price. Normal trading in the stock will begin at 10 AM after the session ends.
All current Vedanta futures and options contracts will expire on April 29. Fresh contracts will start from April 30, which could lead to higher trading activity around the key date.
After the demerger, the four new companies will first be added to the Nifty Next 50 as temporary or dummy constituents. If their separate listings are delayed beyond June, they may miss the September index reshuffle, which could postpone passive fund inflows.
