Vedanta shares slump 9% after block deal; here is what is known so far

Shares of Vedanta Ltd., the metals and mining major, tumbled as much as 8.77% to ₹279 apiece on the NSE on Tuesday, June 23, following a large block deal involving the company's shares.

According to market reports, around 7.3 crore shares worth nearly ₹2,149 crore changed hands through block transactions at ₹292 per share.

Earlier, reports had indicated that promoter entity Twinstar Holdings was planning to sell up to 6.5 crore shares, representing a 1.7% stake in Vedanta, through block deals. The floor price for the transaction was set at ₹291 per share, implying a deal size of around ₹1,900 crore.

According to the shareholding pattern for the quarter ended March 31, 2026, Twin Star Holdings held a 40.02% equity stake in Vedanta Ltd.

CITI was reported to be managing the transaction, according to the term sheet.

Vedanta Ltd after demerger: What you need to know

Following the demerger, Vedanta Limited has emerged as a pure-play metals, mining and critical minerals company. The company primarily retains its around 60% stake in Hindustan Zinc Limited, along with its domestic and international copper business, zinc international operations and ferrochrome assets.

Under the restructuring, the rest of the Vedanta Group's businesses were carved out into four separate listed entities, simplifying the conglomerate's structure and creating focused sector-specific companies.

• Zinc and Silver: Its highly profitable majority stake in Hindustan Zinc Limited.
• Copper: Domestic and international copper mining, smelting and refining operations, including Sterlite Copper.
• Zinc International: Mining assets in South Africa and Namibia, including the Gamsberg and Black Mountain mines.
• Ferrochrome: Production of ferroalloys used in stainless steel manufacturing.

Recent updates

In May 2026, Vedanta Group said 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.

Vedanta demerged firms debuted on stock exchanges on June 15

Vedanta group's four demerged entities -- Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas, and Vedanta Iron and Steel -- made their stock market debut on Monday, June 15.

Shares of Vedanta Aluminium Metal began trading at ₹527 and further hit a high of ₹538 on the BSE.

Vedanta Power was listed at ₹41.30 and further climbed to ₹43.35.

Shares of Vedanta Oil and Gas started trading at ₹39 and scaled to a high of ₹40.95.

Vedanta Iron And Steel shares were listed at ₹22.25.

All these firms got listed on the NSE also.

Vedanta Aluminium Metal started trading at ₹522, Vedanta Power listed at ₹41.80, Vedanta Oil and Gas at ₹38, and Vedanta Iron and Steel at ₹20 on the NSE.

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.

Demerger rationale

Vedanta had earlier said that the demerger will help in simplifying Vedanta's corporate structure with sector-focussed independent businesses and provide opportunities to global investors, including sovereign wealth funds, retail investors, and strategic investors, with direct investment opportunities in dedicated pure-play companies linked to India's remarkable growth story through Vedanta's world-class assets.