Vedanta post demerger listing: Date, 4 new stocks, special trading session. 8 things shareholders should know
By Veer Sharma, ETMarkets.com |
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Demerger Decoded
Vedanta has concluded the much-awaited demerger, with investors now awaiting the listing of the four new entities that spun-out from the demerger, marking one of the biggest corporate restructuring in India’s metals and mining space. Here’s everything shareholders should know
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Listing date
Investors in Vedanta will finally get a price for the group's demerged businesses on June 15, when four newly created entities. Here are 4 new companies.
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Vedanta Aluminium
India's largest aluminium producer, plans to double its capacity to 6 million tonnes and aims to strengthen its position as one of the world's lowest-cost producers.
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Vedanta Oil & Gas
Built around the group's Cairn assets, is targeting production of 300,000-500,000 barrels per day backed by a planned investment of $5 billion. The company is currently India's largest private-sector upstream oil and gas producer.
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Vedanta Power
It enters the market with 4.2 GW of operational generation capacity and a 12 GW expansion pipeline. The company has also outlined plans to diversify into hydropower and nuclear energy alongside conventional thermal generation.
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Vedanta Iron & Steel
It is expected to focus on expanding green steel and specialty steel production, leveraging the group's raw material linkages and infrastructure assets.
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Can you buy or sell?
While Vedanta shares have continued trading after the record date, investors have been unable to transact in the demerged entities until now. As a result, a part of shareholder value has remained locked in the absence of market-driven price discovery.
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Special session
The shares of these Vedanta demerged entities will participate in a special pre-open session meant for newly listed companies before regular trading commences. These shares will be in the Trade-for-Trade segment for 10 trading days.
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Vedanta demerger record date
The demerger became effective earlier this year, with Vedanta fixing May 1 as the record date.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
