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Vedanta Shares Trade Post-Demerger
30 Apr
Summary
- Vedanta's share price closed at Rs 289.50 on NSE.
- A special session set the new fair value post-demerger.
- Trading resumed at 10:00 AM with an adjusted price.
Vedanta Ltd.'s share price settled at Rs 289.50 on the NSE on the ex-demerger day. The company successfully completed its anticipated demerger, with the original entity continuing its operations and remaining listed on the stock exchange. This strategic move involved carving out specific businesses into new entities.
A crucial price discovery session took place between 9:00 AM and 10:00 AM. During this hour, the market evaluated and established a new fair value for Vedanta's remaining core operations. Following this adjustment period, regular trading resumed at 10:00 AM.
The adjusted share price now accurately reflects the value of Vedanta's core business, post-demerger. Investors observed the market's reaction as the stock began trading with its new valuation, signaling a fresh chapter for the company.
