Vedanta’s four demerged companies fall 0.85%–5.39% in market debut, parent stock slides 2.23%

Four newly listed companies demerged from Vedanta Ltd—Vedanta Iron and Steel, Vedanta Aluminium Metal, Vedanta Oil and Gas and Vedanta Power—ended lower in their debut session on Monday, falling between 0.85% and 5.39%. The stocks were placed in the trade-for-trade (T2T) segment, which bars intraday trading, and eligible Vedanta shareholders received one share in each entity for every Vedanta share held on a 1:1 basis. Vedanta Ltd also slipped 2.23%. Brokers pointed to aluminium capacity expansion and support from LME aluminium prices, as well as a low-cost zinc-lead-silver business, though the first-day market response was cautious.