Vedanta will be split into five companies from May, with the residual entity set to trade excluding the four other businesses from Thursday. Shareholders will receive one share in each of the four demerged entities for every share held in Vedanta after the demerger.
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“Vedanta’s stock price is likely to trade around ₹300-₹325 per share on April 30, after the demerger. The remaining demerged firms are expected to be listed on exchanges within 1-2 months after the record date,” said Netra Deshpande, research analyst, Mirae Asset Sharekhan.
Agencies
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