Since May 1 (Friday) is a market holiday due to Maharashtra Day, April 30 will be the effective ex-record date for the demerger. This means that shareholders who buy the company’s shares on Thursday, a day before the actual record date, will not be eligible as shares will not be credited by the end of that trading day.
Hence, April 29 (Wednesday) is likely to be the last date for interested investors to buy Vedanta shares, so that the shares are credited to their demat accounts latest by April 30, as per the T+1 settlement rule, making them eligible to receive shares of the four new companies emerging from the demerger.
In an exchange filing released on April 20, Vedanta announced that each of its eligible shareholders will get one share of Vedanta Aluminium Metal (VAML), one share of Talwandi Sabo Power (TSPL), one share of Malco Energy and one share of Vedanta Iron and Steel, for every share held in Vedanta. This marks one of the biggest corporate restructurings in India’s metals and mining space, allowing shareholders to hold a direct stake in distinct sector-specific firms rather than a diversified conglomerate structure.
When will the four new Vedanta Group companies be listed on BSE and NSE?
While the record date for the demerger has been announced, the dates when the four new companies will be listed on stock exchanges BSE and NSE haven’t yet been disclosed.
Also read: When will the four new stocks list on BSE, NSE? Here’s what recent demergers indicateIt is important to note that the shares of Vedanta currently represent the joint value of all the five companies. However, from May 1 onwards, the share price will represent the value of Vedanta excluding the four new companies.
All about Vedanta demerger
Vedanta’s long-awaited demerger plan received approval from the National Company Law Tribunal (NCLT) in December last year. When Vedanta first announced its demerger plan in 2023, it had proposed splitting its Indian operations into six separately listed companies, including a standalone base metals entity. Over time, the structure was revised. Under the approved scheme, the base metals business will remain within a restructured Vedanta, while four new listed companies will be carved out. The restructured Vedanta will continue to house the zinc and silver businesses through Hindustan Zinc and is envisaged as an incubator for future ventures. The demerger has seen significant delays, largely due to objections raised by the government.
Earlier last month, Vedanta Chairman Anil Agarwal told the Financial Times that the long-delayed restructuring could create “phenomenal shareholder value”. Agarwal told the FT that the new entities emerging from the conglomerate will have a free hand to grow. A privately held parent company controlled by Agarwal will retain roughly half the shareholding in each of the demerged entities, he added.
Also read: Vedanta demerger can create value in the long term
Vedanta share price
Vedanta shares have fallen more than 3% in one week, but gained over 14% in one month. The stock is up 23% in 2026 so far, after gaining 78% in one year. In the longer term, the shares of the company rallied around 166% in three years and 204% in five years.
The company currently has a market capitalisation of more than Rs 2.90 lakh crore.
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