Market Bits

Vedanta Demerger

The Vedanta demerger hit a major milestone on 30 April 2026, as the stock went ex-demerger. This caused a technical price drop of about 63% (down to ~?290) to reflect the split. If you held shares by the 1 May record date, you are entitled to a 1:1 share swap: for every 1 Vedanta share you own, you’ll eventually get 1 share each in four new companies (Aluminium, Oil & Gas, Power, and Iron & Steel). These new shares are expected to show up and start trading in your portfolio by mid-June 2026.