Vedanta Shares Fall Nearly 3% After Sudden Demise of Anil Agarwal's Son; Shares Off Record High

Shares of Vedanta Limited declined sharply on Thursday after news broke that Agnivesh Agarwal, son of Vedanta Group chairman Anil Agarwal, passed away suddenly from cardiac arrest in New York. The stock fell nearly 3% as the market reaction to the unexpected family tragedy.

Vedanta shares today

On Thursday morning trading, Vedanta shares fell about 3%, reversing recent gains. The stock opened lower from its previous close of Rs. 622.20 on the NSE, moving down as markets absorbed the news of Agnivesh Agarwal's death. Just two days back on tuedays, the Vedanta share price had touched a 52-week high of Rs. 629.90.

Over the last month, Vedanta's stock had been on an upswing, jumping around 21%, because of the positive sentiment around the company's ongoing demerger plan and strategic corporate actions.

Tragic passing of Agnivesh Agarwal

Agnivesh Agarwal, aged 49, was the son of mining magnate Anil Agarwal. According to a statement from the Vedanta Group, the younger Agarwal passed away due to a sudden cardiac arrest in New York, prompting an outpouring of shock across the company and broader corporate circles. Anil Agarwal described the loss as the "darkest day of my life," on his post on X.

Vedanta's 1:5 Demerger Plan

Despite the near-term volatility, Vedanta shares are in focus. The company's demerger plan, approved recently by shareholders and regulators, will split the conglomerate into five independent listed entities:

• Vedanta Ltd handling zinc, copper, and semiconductors
• Vedanta Aluminium for handling aluminium operations
• Vedanta Oil & Gas (Malco Energy) for oil and gas exploration and production
• Vedanta Power (Talwandi Sabo) for power generation assets
• Vedanta Steel & Ferrous for iron ore and steel business

Vedanta Share Target Price: Kotak Institutional Equities Upgrades to 'BUY'

Kotak Institutional Equities upgraded the stock to 'BUY', post the NCLT approval for Vedanta's demerger.
In its latest note dated December 16, 2025, Kotak Institutional Equities raised Vedanta's fair value to Rs. 650 per share from Rs. 550 earlier, while pegging a bull-case valuation at Rs. 770 per share based on spot commodity prices.

Kotak said "Vedanta is well-positioned amid buoyant commodity prices, especially in aluminium, zinc and silver, which together account for about 82% of Vedanta's attributable EBITDA. Vedanta is expected to secure the remaining approvals and completed the demerger by end-FY2026, in line with management guidance. The demerger is expected to unlock value by splitting Vedanta into multiple focused listed entities, allowing clearer valuation for its aluminium, zinc, oil & gas, power and steel businesses."

About Vedanta Limited

Headquartered in Mumbai, Vedanta is one of India's leading multinational mining and natural resources companies. The company has a diversified portfolio with production os Zinc, lead, silver, Copper, Iron ore and steel, Aluminium, Power, Oil and gas
Vedanta produces around 81% of India's zinc and operates major facilities in Goa, Odisha, Rajasthan, Chhattisgarh, Tamil Nadu and Jharkhand. At present Vedanta market capitalisation of approximately Rs. 1.97 lakh crore.

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