Mumbai – Shares of Vedanta Ltd's four newly demerged entities concluded their inaugural trading session on Monday with declines across the board. The restructuring, approved by the National Company Law Tribunal (NCLT) in December 2025, saw the separate listing of Vedanta Iron and Steel Ltd, Vedanta Aluminium Metal Ltd, Vedanta Oil and Gas Ltd, and Vedanta Power Ltd.
Vedanta Iron and Steel Ltd experienced the most significant drop, falling 5.39% to settle at Rs 21.05. Both Vedanta Aluminium Metal Ltd and Vedanta Oil and Gas Ltd saw their shares decline by 5%. Vedanta Power Ltd registered a more modest fall of 0.85%, closing at Rs 40.95.
The parent company, Vedanta Ltd, also saw its shares decrease by 2.23%, ending the day at Rs 302.60.
Demerger Details and Trading Segment
As part of the demerger scheme, eligible shareholders of Vedanta Ltd who held shares before the record date of May 1, 2026, received one share each of Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas, and Vedanta Iron and Steel for every Vedanta share they owned.
All four newly listed entities have been placed in the trade-for-trade (T2T) segment. This classification means that intraday trading is not permitted, requiring all transactions to result in the physical delivery of shares. Consequently, investors who purchase shares in these entities on a given day can only sell them from the subsequent trading day onwards.
Analyst Perspectives on the New Entities
Despite the initial downturn, some analysts hold a positive outlook for certain demerged businesses. Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, suggested that investors might consider evaluating Vedanta Aluminium Metal. He cited the company's ongoing aluminium capacity expansion and favorable trends in LME (London Metal Exchange) aluminium prices as key supporting factors.
Nuvama Institutional Equities highlighted Vedanta's broader resources portfolio, noting its scale, diversification, and robust balance sheet, largely supported by its low-cost, cash-generating zinc-lead-silver operations. The brokerage emphasized the company's globally competitive zinc production costs due to captive mines and anticipated future growth driven by increased volumes across core businesses like aluminium and zinc, alongside improved cost efficiencies in aluminium operations.
Emkay Global Financial Services echoed this sentiment, expressing a strong belief in a potential re-rating for both Vedanta Aluminium and Vedanta Power, indicating their long-term growth prospects.