Vedanta shares slump 62% as stock turns ex-demerger; what investors should know

Shares of Vedanta Limited, owned by Anil Agarwal, saw a sharp correction on Thursday as the stock began trading adjusted for its demerger. The share settled at ₹289.5 after a special pre-open session and slipped further in early trade.

The fall comes as the company’s stock turned ex-demerger ahead of the record date fixed for May 1. Investors holding Vedanta shares in their demat accounts as of Wednesday’s close will be eligible for the demerger benefits, while those buying from Thursday onwards will not qualify.

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On April 30, the stock dropped nearly 62 per cent to ₹289.5, down from its previous closing price of ₹773.6 on April 29. The sharp decline reflects a price adjustment rather than a fundamental sell-off, as the market recalibrated valuations following the restructuring.

Why Vedanta share price is falling today

The correction is linked to Vedanta’s plan to split its core businesses into separate listed entities. These include aluminium, power, oil and gas, and steel divisions.

The special pre-open session between 9:15 am and 9:45 am was conducted to discover the adjusted price, factoring in the value of the businesses being carved out.

Vedanta demerger: What shareholders get

For investors, it basically means what they own today will be divided across several companies instead of being tied to a single stock. For every Vedanta share held as of the May 1 record date, shareholders will be allotted shares in each of the newly carved-out companies.

The idea behind the split is straightforward. By separating its businesses into individual entities, Vedanta is looking to give each vertical its own identity, cleaner financials and the flexibility to grow on its own terms.

To be eligible for share allotment in the demerged entities, investors needed to purchase Vedanta shares on or before April 29. Any purchases made from April 30 onwards will not be considered for the demerger benefits.

Strong earnings ahead of demerger

Separately, the company reported its highest-ever quarterly revenue of ₹51,524 crore in Q4 FY26, marking a 29 per cent year-on-year growth, according to an ANI report.

Profit after tax rose 89 per cent to ₹9,352 crore in the same quarter. For the full financial year ending March 31, 2026, Vedanta posted revenue of ₹1,74,075 crore and a record profit of ₹25,096 crore.

CFO Ajay Goel said the results marked a defining phase for the company, with strong growth across revenue, EBITDA and profit, alongside an improved balance sheet.

Operationally, the company reported record production across segments, including aluminium, alumina, zinc and copper, while power sales also saw double-digit growth.

With the demerger kicking in from May 1, the company is essentially entering a new phase, reorganising its businesses so each vertical can grow with sharper focus.