Vedanta Demerger: Share Prices of VAML, VOGL, VISL Announced
Vedanta Limited has announced the share prices of its demerged businesses, including Vedanta Aluminium (VAML), Vedanta Power (VOGL), and Vedanta Iron and Steel (VISL). The demerger scheme, approved by the board, aims to unlock value for shareholders by creating separate listed entities for each business vertical.
Key Details of Demerged Entities
Under the demerger plan, Vedanta shareholders will receive shares in the new companies in a predetermined ratio. The record date for the demerger has been set, and the shares of VAML, VOGL, and VISL are expected to list on stock exchanges soon. The move is part of Vedanta's strategy to streamline operations and enhance focus on core businesses.
Share Price and Allotment
The company has fixed the share price for VAML at Rs 250, VOGL at Rs 180, and VISL at Rs 300. Shareholders will get one share of each demerged entity for every four shares of Vedanta held. The demerger is expected to be completed by the end of the current fiscal year.
Market Reaction
Following the announcement, Vedanta shares traded flat with a positive bias. Analysts expect the demerger to unlock significant value, as the individual businesses have strong growth prospects. Vedanta Aluminium is a leading producer, Vedanta Power operates thermal power plants, and Vedanta Iron and Steel has a growing portfolio.
Investors are advised to consult their financial advisors before taking any action regarding the demerged shares.
