HighPositive
Announced Mon, 15 Jun · 08:40 IST
Vedanta shares in focus ahead of mega demerger; 4 new stocks to list today
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Vedanta's mega demerger takes effect with 4 new entities — Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel — set to list on exchanges, with eligible shareholders receiving one share in each new entity for every Vedanta share held. The demerger is among the largest corporate restructurings in India's metals and mining sector, with all four stocks placed in the Trade-to-Trade segment. Separately, Vedanta reported a 92% YoY jump in Q4 FY26 consolidated net profit to Rs 6,698 crore on revenue of Rs 24,609 crore, up 47% YoY.