Vedanta share price slips 3% after 20% monthly rally; Street awaits demerged units' listing

It must be noted that the listing of its demerged entities draws closer. The company's demerged entities are expected to be listed on bourses by mid-June.

Data show that the stock (after the price discovery for demerger) has rallied nearly 20% in the past 30 days, or 1 month (as of May 29 closing level).

Vedanta shares have been trading ex-demerger since April 30, 2026, following a special trading session conducted to discover the price of the residual listed entity after the proposed spin-off.

Latest updates to know

On Friday, May 29, Vedanta Group said that it had received its highest domestic credit rating in over a decade after rating agency ICRA upgraded the long-term ratings of its key group entities to AA+.

Securities with an AA+ rating are considered to have a high degree of safety regarding the timely servicing of financial obligations. Such securities carry very low credit risk.

This reinforces confidence in the group's strong operational performance along with its robust financial profile and structural efficiencies post-demerger, Vedanta said in a statement.

"ICRA upgraded the long-term ratings of Vedanta Ltd and Vedanta Aluminium Metal Ltd (VAML) to AA+ with a stable outlook, while Talwandi Sabo Power Limited (TSPL) was upgraded to AA- Stable from A+/WatchDeveloping," Vedanta said in a statement.

The agency also reaffirmed the Group's short-term rating at the highest category of A1+.

The latest rating action marks Vedanta's highest domestic credit rating since 2014 and represents a significant milestone for the Group as two of the largest businesses emerging from the demerger framework have now secured an AA+ rating.

Together, these two businesses account for over 75% of the group's long-term debt.

In its rationale, ICRA highlighted Vedanta's stronger profitability on the back of robust operational performance, improving liquidity profile, and enhanced financial flexibility across key businesses.

Vedanta demerger and listing details

Under the demerger scheme, Vedanta’s businesses are being split into five independent companies (including the existing one), and the parent stock now represents only the residual business value.

As part of the restructuring, shareholders of Vedanta received shares in the newly demerged entities, which include businesses such as aluminium, oil & gas, power, and steel.

According to the exchange filing, under the composite scheme of arrangement, shareholders of Vedanta received equity shares in four businesses in a 1:1 ratio.