Vedanta's demerged entities debut on bourses; aluminium business commands highest valuation
Mumbai, June 15 -- Among the newly listed entities, Vedanta Aluminium Metal attracted the strongest investor interest, debuting at Rs 522 on the NSE and Rs 527 on the BSE.
Vedanta Power listed at Rs 41.80 on the NSE and Rs 41.30 on the BSE, while Vedanta Oil & Gas debuted at Rs 38 and Rs 39, respectively.
Vedanta Iron & Steel started trading at Rs 20 on the NSE and Rs 22.25 on the BSE.
The residual Vedanta was trading down 0.9% at Rs 307 on the NSE. Based on the prevailing prices of all five entities, the aggregate value for shareholders worked out to about Rs 909 per original Vedanta share, exceeding the company's pre-demerger closing price of Rs 773.60 recorded on 29 April.
The aluminium business emerged as the biggest contributor t...
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