The wait is finally over. Vedanta Ltd’s demerger process is entering its final phase, with four demerged businesses set to list on the stock exchanges on Monday, June 15.
In their notices and circulars, both BSE and NSE stated on Thursday, June 11, that the four demerged arms of Vedanta Ltd, namely, Vedanta Oil and Gas Limited (formerly known as Malco Energy Limited), Vedanta Power Limited (formerly known as Talwandi Sabo Power Limited), Vedanta Aluminium Metal Limited, and Vedanta Iron And Steel Limited, shall be listed on Monday, June 15, 2026.
All four stocks will be placed in the Trade-for-Trade (T2T) segment for the first 10 trading sessions. Under this framework, investors can buy or sell shares only through delivery-based trades, so intraday trading is not permitted.
Exchanges typically impose this restriction on newly listed stocks to curb excessive speculation and volatility, and to ensure orderly price discovery, explain analysts.
Other details to note
BSE said the securities will be part of a special pre-open session under the “IPO and Other” category on the day of listing.
The pre-open session is held before the commencement of regular trading to facilitate efficient price discovery for stocks.
Vedanta demerger: A quick recap
Vedanta Ltd shares have been trading ex-demerger since April 30, 2026, following a special trading session conducted to discover the price of the residual listed entity after the proposed spin-off.
Under the demerger scheme, Vedanta’s businesses have been split into five independent companies (including the existing one), and the parent stock now represents only the residual business value.
According to the exchange filing, under the composite scheme of arrangement, shareholders of Vedanta received equity shares in four businesses in a 1:1 ratio.
Post demerger, the Vedanta group will comprise five standalone entities, each focused on a specific business vertical: Vedanta (Residual Entity), Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron and Steel.
What does Vedanta Ltd hold now after the demerger?
While four businesses are being spun off into separate listed entities, Vedanta Ltd will retain its core metals portfolio. The residual company will house its stake in Hindustan Zinc Ltd, zinc international operations, copper and ferrochrome businesses, as well as other incubator assets.
According to the company, the post-demerger Vedanta Ltd will emerge as a focused critical minerals and strategic metals company, anchored by businesses spanning zinc, silver, copper, ferrochrome, nickel, and other critical minerals.