Overview
- A special pre-open session Thursday set Vedanta’s ex-demerger price near Rs 289 after a roughly 60 percent technical reset that reflects only the residual business.
- With May 1 as the record date under T+1 settlement, investors needed to own shares by Wednesday to receive a 1:1 allotment in the four new companies.
- Vedanta said it will file for listing approvals next week with trading in the new stocks targeted by mid-June subject to exchange and regulatory sign-offs.
- The remaining Vedanta will house Hindustan Zinc and other base-metals assets with debt aligned to each unit’s earnings strength as the CFO described.
- Until listing, the spun-off stocks will appear as non-tradable placeholders in indices, which could delay passive fund flows and keep part of investor value temporarily locked.