Vedanta Oil and Gas shares list at Rs 39 on BSE as 4 demerged entities debut on Dalal Street

Four demerged entities from Vedanta — Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel — debuted on Dalal Street, concluding one of India's largest corporate restructurings in the metals and mining space. Vedanta Oil & Gas listed at Rs 39 on BSE and Rs 38 on NSE, giving it a debut market capitalisation of Rs 14,859.47 crore, below SBI Securities' fair value of Rs 42 per share and Nuvama's expected Rs 15,824 crore market cap. Eligible shareholders received one share in each of the four new companies for every Vedanta share held, with the record date set as May 1.