Shares of four Vedanta Group companies—Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel—were listed on the Indian stock market on June 15. The stocks debuted on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) following a special pre-open session, marking the final phase of the conglomerate's demerger process, according to livemint.com.
The listing saw Vedanta Aluminium shares open at ₹522 on NSE and ₹527 on BSE, while Vedanta Power started at ₹41.80 on NSE and ₹41.30 on BSE. Vedanta Oil & Gas debuted at ₹38 on NSE and ₹39 on BSE, and Vedanta Iron & Steel opened at ₹20 on NSE and ₹21 on BSE. These shares were initially placed in the Trade-to-Trade (T2T) segment as part of the listing procedure, as reported by livemint.com.
This move follows Vedanta Group’s strategic decision to demerge its business into focused entities, aiming to unlock value and enhance operational efficiencies. The demerger aligns with trends in the Indian market where conglomerates separate core businesses to attract specialized investors. The listing of these entities adds to the diversification of stocks available on Dalal Street and provides investors with targeted exposure to sectors like aluminium, power, oil and gas, and steel, per thehindubusinessline.com.
The shares of Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel were officially listed on June 15, completing the demerger process and allowing investors to trade these stocks independently on NSE and BSE, according to livemint.com.