Vedanta Iron & Steel shares list at Rs 22 on BSE as mega demerger concludes

Vedanta Iron & Steel shares debuted on the bourses at Rs 22 on BSE and Rs 20 on NSE, with an initial market capitalisation of approximately Rs 7,821 crore. The listing marks the completion of Vedanta's mega demerger into four entities — Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel — with shareholders receiving one share in each for every Vedanta share held as of the May 1 record date. Analysts noted limited investor enthusiasm for the iron and steel vertical, as larger, more focused players offer stronger investment cases.