Vedanta Ltd. shares went ex-trade for the demerger on Thursday. This means the share price will exclude the value of its four demerged entities after the special pre-open session for price discovery. The scrip may appear to be significantly lower in value but, in reality, it will simply adjust to the much-awaited corporate restructuring.
The share price settled at Rs 289.5 on NSE and Rs 290.5 on the BSE after the special trading session. The stock closed at Rs 773.25 on the BSE and Rs 773.60 on the NSE in the previous session.
During regular trading, the stock fell 6%.
About The Vedanta Demerger
As part of the demerger, Vedanta's aluminium, power, oil and iron business arms will be spun-off into separate listed entities. The existing shareholders will be eligible to receive an equal number of shares in each of the demerged entities.
The move is aimed at unlocking value, improving operational efficiencies, and allowing each business to pursue independent growth strategies aligned with its sector dynamics.
Under the demerger scheme, existing shareholders of Vedanta will receive one share in each of the newly created entities for every one share held in the parent company. Specifically, investors will be allotted one share each in Vedanta Aluminium Metal Ltd (VAML), Talwandi Sabo Power Ltd (TSPL), Malco Energy Ltd (MEL), and Vedanta Iron and Steel Ltd (VISL).
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