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Vedanta Ltd trades ex demerger on April 30, record date is May 1, 2026, SPOS will set ex demerger price, Nuvama values Vedanta at 936 rupees per share pre split
Vedanta Split Explained: Record Date, Eligibility and Key Details
Vedanta Demerger Record Date: Shares of mining corporation Vedanta Ltd. will remain in focus today, April 30, as today is the ex-demerger date to become eligible in the mining company’s split. The company had fixed Friday, May 1, as the record date for the demerger.
A demerger is when a company splits its business into separate, independent entities. In Vedanta’s case, the company plans to divide its large, diversified operations into multiple focused businesses. These include segments like aluminium, oil & gas, power, steel, and base metals.
As per the company’s internal positioning, the move is aimed at creating sector-specific leaders with clearer growth paths and valuations.
What is the record date and why May 1 matters?
The record date is a cut-off date. It decides which shareholders are eligible to receive shares in the newly created companies after the demerger.
If you hold Vedanta shares on or before May 1, you will be considered eligible. Based on the final structure, you may receive shares of the new entities in proportion to your existing holding.
The record date for the demerger is May 1, 2026. However, since markets will remain shut on that day due to Maharashtra Day, the effective ex-date becomes April 30. Investors must buy shares at least one trading day prior to this (given the T+1 settlement cycle) to be eligible. Purchases made on or after April 30 will not qualify for the demerger benefits.
If you buy shares after this date, you may not get those benefits.
Price discovery mechanism
As May 1 is a market holiday, Vedanta will conduct a special pre-open session (SPOS) on April 30 between 9:15 AM and 9:45 AM for price discovery. Normal trading will begin at 10:00 AM, reflecting the ex-demerger price.
The valuation of the four demerged entities will be derived from the difference between Vedanta’s closing price on April 29 and its opening price discovered during the SPOS on April 30.
Vedanta Valuation After Demerger
Brokerage firm Nuvama sees the consolidated value of Vedanta at Rs 936 per share before the demerger, according to CNBC TV-18 report.
Of the total valuation, the ex-demerger business of Vedanta Ltd. is pegged at Rs 336 per share, while its stake in Hindustan Zinc Ltd. is valued at Rs 317 per share. The remaining base metals and other businesses account for Rs 19 per share.
The currently consolidated Vedanta Ltd. will now comprise of its 60.71% stake it holds in Hindustan Zinc, Zinc International and the Copper business.
April 30, 2026, 07:43 IST
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