Will Vedanta shares rebound after demerger. Here's what experts say
Vedanta share: Vedanta demerger was announnced on Friday after the market close. In this unlocking of business, Vedanta Limited announced to demerge and diversify its business into six separate entities — Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals and Vedanta Ltd.
Vedanta demerger is a vertical saplit in which every Vedanta shareholder will be given one share of the new entities for every one share they hold. As the demerger was announced after the close of Indian stock market on Friday, Vedanta demerger impact is yet to be seen on Dalal Street.
As Idnian stock market holiday is falling on Monday, the Vedanta demerger impact would be visible on Tuesday only. However, when we talk to stock market experts, they said that value unlocking may help Vedanta to attract segment-oriented investors as they have unlocked their business company after announcing this demerger.
However, they also maintained that fundamentals of the six companies coming into existance after Vedanta demerger will remain same. "Exciting news! Mint is now on WhatsApp Channels
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