Vedanta shares slip 2% ahead of demerger meeting with shareholder, creditor

The Anil Agarwal-led company aims to restructure itself into five separate entities—Vedanta Ltd, Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Steel and Ferrous Materials and Vedanta Power.

The meeting with equity shareholders, secured creditors and unsecured creditors was scheduled on Tuesday at 10 am, 11.45 am and 1 pm, respectively.

Demerger

When the demerger was first proposed in September 2023, the company had planned for six entities, including Vedanta Base Metals. However, in December 2024, it decided to keep the base metals segment under the main company.

In June 2024, Vedanta received approval for the demerger from all its major creditors including the State Bank of India (SBI), which initially was not greenlighting the restructuring.

Shareholders will receive one share of each of the five newly listed companies for every Vedanta share they hold.

The conglomerate aims to unlock the full potential of its diversified business with this demerger. It believes restructuring will help to optimise operations, attract investments and drive growth.

Stock performance

The scrip was trading at ₹407.95, down 1.73% at around 1:01 pm on the NSE on Tuesday.

Vedanta shares were down 9.31% over the past week and 7.42% over the last month. While it rose 3.93% in the past six months, it slipped 8.18% on a year-to-date basis.

Vedanta Ltd has a total market capitalisation of ₹1.6 lakh crore as of February 18, 2025, on the NSE.

About Vedanta

Vedanta is a diversified natural resource conglomerate involved in exploring, extracting, and processing minerals like aluminium, zinc, lead, silver, copper, and oil & gas. Its operations span India, South Africa, Namibia, Ireland, Liberia, and the UAE.