Announced Mon, 20 Apr · 17:11 IST
Vedanta fixes May 1, 2026 as record date for demerger; BALCO to transfer to VAML
VEDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹770.00
prior close
₹791.70
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.4-1.2-1.9-1.5-4.4-6.4-3.2-3.6-64.5-57.9-57.0-60.3-65.6
Up moveDown movePending
AI summary
Vedanta's board set May 1, 2026 as the record date to make its Composite Scheme of Arrangement effective, demerging the company into 4 entities: VAML (Aluminium), TSPL/Vedanta Power, MEL/Vedanta Oil & Gas, and VISL (Iron Ore). Shareholders get 1 share in each new entity per VEDL share. VEDL will also transfer its BALCO stake to wholly-owned VAML via CCDs; BALCO contributed 10% of FY25 consolidated turnover (₹15,909 Cr) and 39% of net worth.
Likely market impact
Record date May 1, 2026. Shareholders get 1 share each in VAML, TSPL, MEL, VISL per VEDL share. Four business units demerge out of VEDL.