Mining giant Vedanta Limited has successfully completed its much-awaited demerger. As part of this move, the company has split its business into four separate entities.
These include Vedanta Aluminum Metal Limited, Talwandi Sabo Power Limited, Malco Energy Limited, and Vedanta Iron & Steel Limited.
Now, investors are closely watching one key question—when will these new companies be listed on stock exchanges?
When Will the New Companies Get Listed?
During a recent investor call after quarterly results, Vedanta Resources CEO Deshani Naidu shared an important update. He said the company plans to apply for listing approvals on BSE and NSE very soon.
If everything goes as planned, the shares of these demerged companies are expected to be listed and start trading by mid-June. However, final timelines will depend on regulatory approvals.
What Did Investors Receive After Demerger?
Vedanta had earlier announced that eligible shareholders would receive one share in each of the four new companies for every one share held in the parent company.
The record date for this demerger was set for May 1. However, since the market remained closed that day due to Maharashtra Day, the stock price adjustment happened on April 30 instead.
Even though shareholders have been allotted shares of the new companies, they cannot trade them yet. This is because the price discovery process is still ongoing.
Meanwhile, Vedanta’s existing shares continue to trade, though the stock price has adjusted following the demerger.
What Do Experts Say About Listing Timeline?
According to brokerage Nuvama Institutional Equities, the exact listing dates are still unclear.
However, looking at past large demergers like those of Tata Motors (CV business), Siemens Energy, ITC (Hotels), Jio Financial Services, Piramal Pharma,
and NMDC Steel, the listing process can take anywhere from a few weeks to several months.
Vedanta Share Price and Target Outlook
After the demerger news, Vedanta’s stock has shown positive momentum. The share price recently rose around 3% to reach ₹306.
Nuvama has set a target price of ₹336 for Vedanta shares. It has also estimated separate valuations for each of the demerged businesses:
Zinc and copper business: ₹336 per share
Aluminium business: ₹477 per share
Oil and gas business: ₹47 per share
Steel and iron business: ₹30 per share
Power business: ₹47 per share
