ZAMBIA-MINING-VEDANTA-0_1721367270041_1781497860590_57c16e80-d191-4f59-96f2-09426838f3a7.JPG

Vedanta Aluminium, Vedanta Power, other group stocks list on Dalal Street after demerger

Shares of four Vedanta Group firms, namely Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel, listed in the Indian stock market on Monday, 15 June, following a special pre-open session, marking the final leg of the demerger of one of India’s most prominent metal and mining companies.

Shares of Vedanta Aluminium listed at 522 on the NSE and 527 on the BSE. Vedanta Power opened at 41.80 on the NSE and 41.30 on the BSE. Vedanta Oil & Gas debuted at 38 and 39, while Vedanta Iron And Steel opened at 20 and 21 on NSE and BSE, respectively.

Vedanta’s demerger was approved by the National Company Law Tribunal in December last year. Under the 1:1 approved demerger scheme, shareholders will receive one share of each demerged company for every one share held in the currently listed Vedanta Ltd.


Source link

Tags: No tags

Leave A Comment

Your email address will not be published. Required fields are marked *