Vedanta's four demerged businesses begin trading on Indian stock exchanges
New Delhi, June 15 -- Vedanta's four demerged businesses, Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel, and Vedanta Power, began trading independently on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Monday. The companies were listed alongside parent entity Vedanta Limited.
The newly listed stocks witnessed mixed performance during early trade. Vedanta Aluminium was trading at Rs 495.90, down 5 per cent from the day's high, while Vedanta Oil & Gas stood at Rs 36.10, also down 5 per cent. Vedanta Power traded at Rs 40.13, lower by 4 per cent.
In contrast, Vedanta Iron & Steel gained 5.3 per cent to Rs 21.06. Vedanta Limited was trading at Rs 306.00, down 1.18 per cent.
The demerger is aimed at creati...
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