$VEDL Demerger: Performance of Newly Listed Entities on Day 2

The listing of $VEDL ta Group’s four demerged companies marks a significant milestone in its strategic restructuring initiative. According to the company, the demerger is aimed at enhancing shareholder value, strengthening operational focus, and establishing independent sector-leading businesses aligned with India's growing position as a global economic and manufacturing hub. On the second day of trading, the four newly listed entities delivered a mixed performance: $VEDL Iron and Steel emerged as the top performer, hitting its 5% upper circuit at ₹22.11 per share on the National Stock Exchange (NSE) on Tuesday, June 16. The stock had closed at ₹21.06, up 5.3%, on Monday after debuting at ₹20. $VEDL Aluminium Metal continued to face selling pressure, touching its 5% lower circuit for the second consecutive session. The stock had listed at ₹522 per share. $VEDL Oil and Gas declined 5% to ₹34.30 per share, extending losses after closing at ₹36.10 on Monday following its listing at ₹38. $VEDL Power traded marginally higher, gaining 0.15% to ₹41 on the NSE at 9:56 a.m. The stock had made its market debut at ₹41.80 on Monday. The varied performance across the newly separated businesses highlights differing investor sentiment toward each sector, even as the Vedanta Group advances its strategy of creating focused, independently managed enterprises. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.