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Vedanta shares jump over 2% ahead of mega demerger; 4 new stocks to list today
Vedanta shares surged over 2% as four demerged entities prepared to list on Monday, marking a significant restructuring milestone. Eligible shareholders received one share in each new company for every Vedanta share held. The demerger aims to unlock value across Vedanta's diverse operations in aluminium, oil & gas, power, and iron & steel.
Bansal Wire secures trial purchase order for steel tyre cord from major tyre maker
On Friday (June 12), shares of Bansal Wire Industries Ltd ended at ₹304.40, up by ₹15.85, or 5.49%, on the BSE.
Vedanta listing: Aluminium, Power, Oil & Gas, Iron & Steel share trading starts Monday. Target price and what else to expect
Four Vedanta entities are set to list on stock exchanges on Monday, June 15, following a mega demerger. Vedanta Aluminium is expected to debut with a market cap of Rs 1.74 lakh crore, potentially surpassing its parent company. The demerged companies will initially trade in the Trade-to-Trade segment.
Vedanta demerger: Which demerged stock should you buy after their market debut on June 15?
Vedanta's mega demerger sees four new companies listing on June 15. Analysts suggest Vedanta Aluminium Metal as a strong buy due to capacity expansion and robust LME prices. Other demerged entities like Vedanta Power, Oil & Gas, and Iron & Steel are expected to debut as small-cap stocks.
Vedanta group's 4 demerged businesses set for stock market debut on June 15
Vedanta group's four demerged businesses are expected to list on the Bombay Stock Exchange and National Stock Exchange on Monday, sources said. Besides Vedanta Ltd, which is already listed, the shares of four newly created entities --Vedanta Aluminium Metal (VAML), Vedanta Oil & Gas (VOGL), Vedanta Power and Vedanta Iron & Steel (VISL) -- will begin trading on Indian stock exchanges. The much-awaited demerger is likely to unlock substantial value for shareholders since each company will now operate independently and raise capital as per its business plans, while giving investors an opportunity to invest in a specific sector. Vedanta's demerger was approved by the National Company Law Tribunal in December last year. Under the 1:1 approved demerger scheme, shareholders will receive one share of each demerged company for every one share held in the currently listed Vedanta Ltd. During an investors' call after the fourth quarter financial results, Vedanta Resources CEO Deshnee ...
4 demerged units of Vedanta to make D-Street debut on Monday
On Monday, Anil Agarwal's diversified commodities empire takes a bold step as four of its companies make their debut listings. This strategic overhaul is designed to enhance shareholder value and streamline operations. Investors can now invest in distinct sectors including aluminium, power, oil and gas, and iron and steel.
Eyeing dividend? Check out Adani Enterprises, Tata Steel, 29 others today
Dividend stocks: ACC, Adani Ports, Ambuja Cements, Canara Bank, Tata Steel, Tata Motors, Trent, and Voltas are among the stocks likely to remain in focus today
Stocks to Watch today: IndiGo, Afcons, Bharti Hexacom, JSW Infra, NTPC
Stocks to Watch today: IndiGo, SpiceJet, Afcons infra, JSW Infra, Bharti Hexacom, NTPC Green Energy, NTPC, NLC India, FirstCry, JW Steel, HDFC Bank, among others, will in focus today.
Stocks to watch today: Oil India, ixigo, ZEEL, GE Vernova, Amber Ent
Stocks to watch today: Oil India, ixigo, ZEEL, GE Vernova, Amber Enterprises, HCLTech, RailTel, Andhra Cement, Tata Steel, Tata Motors, among others, will be in focus today.
Dividend Stocks To Watch This Week: Infosys, ACC, Adani Ports, Tata Steel, Tata Motors, Trent In Focus — Check Amount, Payment Date
Infosys is offering Rs 25 per share, while Indian Bank is paying out Rs 18.25 per share.
Steel Exchange India pays NCD interest of ₹1.53 crore - scanx.trade
Steel Exchange India pays NCD interest of ₹1.53 crorescanx.trade
Evonith Steel acquires Indrajit Power in Maharashtra for Rs 232 cr
Evonith Steel has successfully acquired Indrajit Power Pvt Ltd for Rs 232 crore. This acquisition was completed through an insolvency process. The 85 MW thermal asset will now support Evonith Steel's power needs. The National Company Law Tribunal approved Evonith Steel as the Resolution Applicant. This strategic move enhances Evonith Steel's operational capabilities in Wardha, Maharashtra.