Today marks the listing of four new entities from the metal and mining conglomerate Vedanta, following a strategic demerger. Vedanta Aluminium Metal (VAML), Vedanta Oil and Gas (VOGL), Vedanta Power, and Vedanta Iron and Steel (VISL) will begin trading on the BSE and NSE.
Understanding the Trade-to-Trade (T2T) Segment
All four newly listed Vedanta entities will initially trade under the Trade-to-Trade (T2T) segment. This specific market segment mandates compulsory delivery of shares for every transaction, meaning investors cannot engage in intraday trading. If shares of these Vedanta entities are purchased on a given day, they can only be sold on the subsequent trading day (T+1).
The primary rationale behind placing shares in the T2T segment is to curb speculative trading and potential price manipulation, particularly around new listings. This mechanism ensures genuine delivery and reduces volatility often associated with high-frequency trading.
Demerger Strategy and Shareholder Value
The demerger, originally announced in 2023, received approval from the National Company Law Tribunal (NCLT) in December 2025. This process has resulted in the formation of five separately listed companies, including the parent entity, Vedanta Ltd.
Under the approved 1:1 demerger scheme, existing shareholders of Vedanta Ltd. will receive one share of each demerged company for every one share they currently hold in the parent company. The company anticipates that this restructuring will enable investors to assign independent valuations to Vedanta Group's largest businesses, thereby unlocking greater shareholder value and fostering a sharper operational focus for each vertical.
The Newly Listed Entities
- Vedanta Aluminium Metal (VAML)
- Vedanta Oil and Gas (VOGL)
- Vedanta Power
- Vedanta Iron and Steel (VISL)
The shares of these firms are set to make their market debut on the stock exchanges starting from 10 am today, June 15, 2026.