Vedanta Demerger Update: Anil Agarwal Reveals Listing Timeline For 4 Entities; Vedanta Stock Hits 52-Week High

Vedanta Demerger Update: Shares of Vedanta touched a 52-week high on Friday, May 29, as sentiment around the metal stock remained upbeat, driven by multiple factors including the rally in metal prices, a domestic credit rating upgrade, and growing buzz around its demerger plans.

Vedanta share price today was trading 0.52% lower at Rs 352.75 per share on BSE with a market capitalisation of Rs 1,37,978.04 crore at 2:57 pm on Friday. Earlier, the stock had touched its fresh 52-week high mark of Rs 360.7 per share on BSE during the trading session. The stock had dipped to its intraday low mark of Rs 350.10 per share.

Vedanta Demerger Update

The much-awaited Vedanta demerger occurred this week, with May 1 as the record date for the corporate action. Vedanta's share price started trading ex-demerger after the record date. Investors who held Vedanta stock before the record date will be eligible to get shares of the other four Vedanta entities, scheduled to be listed on exchanges post demerger.

Eligible investors will get shares of Vedanta Aluminium Metal Limited, Vedanta Power Ltd, Vedanta Oil & Gas, and Vedanta Iron and Steel Limited (VISL), in the ratio of 1:1.

All the four entities of Vedanta will be listed independently within the next month, ie June, Vedanta Group chairman Anil Agarwal told CNBC TV 18 in an interview. Agarwal's statement was in synchronisation with the prior statement issues by Vedanta leadership regarding listing of demerged entities.

"In the next week, we will be filing with the exchanges for listing approval. The shares of the resulting companies are expected to list and commence trading by mid-June," said Deshnee Naidoo, CEO, Vedanta Resources, said during an investor call on Q4 financial results.

Vedanta Credit Ratings Get Upgraded By ICRA

In a separate development, ICRA upgraded the long-term ratings of Vedanta Group entities to AA+ with a stable outlook. The company maintained a short-term rating at A1+. The upgrade would help in factoring material improvement in credit profile in FY2025-26. The Group expects further improvement in FY 27, as per Vedanta press release.

ICRA has upgraded the long-term rating for Vedanta entities, affirmed short-term rating and maintained stable outlook in the long-term.

"The refinancing ability of the group has also improved materially resulting in sharp improvement in average interest cost in FY 2025-26. Moreover, the agency highlighted that the refinancing risk at Vedanta Resources Limited ("VRL") has also reduced significantly in the last few years supported by repayments and elongation of the debt maturity profile.