In a historic market debut, the four companies that spun off from Anil Agarwal-led Vedanta’s mega demerger will list on the leading stock exchanges – BSE and NSE on Monday, June 15. Analysts predict Vedanta Aluminium will steal the spotlight, expecting its market cap to hit Rs 1.74 lakh crore and surpass its parent company right after the special pre-open session.
Vedanta listing date after demerger
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Vedanta’s four company listing: What it means for investors
This comes on the heels of the conglomerate’s announcement in April, which stipulated that eligible shareholders would get one share in each of the four newly formed entities for every share they own in Vedanta. The massive spin-off stands as one of the largest corporate restructuring exercises ever witnessed in India’s metals and mining sector.
Vedanta has set May 1 as the record date for the demerger. While Vedanta shares have already adjusted to the restructuring, investors are actively awaiting the listing of the four companies that spun out of it.
Vedanta share price: Expert shares trading strategy
Dr. Ravi Diyora, Director and Head of Research at Kunvarji Group, said that if investors have a long-term perspective, holding the stock – given the company’s strong fundamentals and dividend yield, would be a better option than panic selling.
He further advised investors to remain patient amidst the current volatility in Vedanta’s shares. This market instability is likely to persist primarily until June 15. Once this date passes, all aspects regarding the demerger and share pricing will become clear, allowing investors to gain a proper understanding of the investment outlook.
From a long-term perspective, Diyora said Vedanta’s business is in a very strong position. The consistent growth of the company’s minerals and metals business positions it as a potential ‘blockbuster’ stock for the future. Therefore, staying invested at current levels is the most prudent decision, as the company is likely to deliver good performance for investors in the times ahead.
Vedanta Oil and Gas to begin trading on NSE and BSE on June 15
The equity shares of Vedanta Oil and Gas Limited, India’s leading private-sector oil and gas producer, will commence trading on the NSE and BSE on June 15, marking a significant milestone in its journey as an independent energy company and creating a focused platform to unlock long-term value from one of India’s largest hydrocarbon portfolios, the company said in a press release.
The company further said it has received the necessary approvals from the National Stock Exchange of India Limited and BSE Limited for the listing and trading of its equity shares.
The equity shares of Vedanta Oil & Gas, operating under brand name ‘Cairn’, will be traded under the scrip name ‘VOGL’.
“The listing marks a significant milestone in the evolution of one of India’s most strategically important energy businesses and provides investors with direct exposure to a company that plays a critical role in supporting the nation’s energy aspirations,” Vedanta Oil and Gas Limited said in the press release.
The company is targeting a production of more than 150 kboepd by FY29 through a combination of greater exploration, enhanced oil recovery, deep gas development, offshore projects, and technology-led growth.
Vedanta Oil & Gas operates 44 blocks across more than 47,000 sq. km of acreage and is supported by a reserves and resources base of 1.321 billion barrels of oil equivalent and a resource potential of 2.9 billion barrels of oil equivalent, making it one of India’s most significant upstream energy businesses.
The company has outlined an investment roadmap to unlock future growth opportunities across its portfolio through exploration, enhanced oil recovery, deep gas development, offshore projects, and technology-led production enhancement initiatives. It aims to contribute over 50 per cent of India’s oil production over the long term, reinforcing its commitment to the country’s energy future.
The standalone listing follows the successful demerger of Vedanta’s diversified businesses into sector-focused entities and creates a focused platform to accelerate growth, enhance operational agility, and unlock long-term value, it added in the release.
Shares of Vedanta Ltd ended at Rs 309.50, up Rs 4.45 or 1.46 per cent on Friday from the previous close of Rs 305.05, on the BSE.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
