Vedanta lists 4 demerged entities

Anil Agarwal-led Vedanta has managed to complete its demerger process by spinning four of its businesses — aluminium, oil and gas, power and steel — into separate companies and listing them on stock exchanges.

The parent Vedanta will continue to hold zinc and other residual businesses.

The shares of Vedanta Aluminium Metal and Vedanta Oil and Gas made their debut on a positive note at ₹499 and ₹46 on Monday.

Similarly, Vedanta Power and Vedanta Iron and Steel were listed at ₹63 and ₹38.

While Vedanta shares increased one per cent to ₹313.

Source



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