Market unimpressed with Vedanta's value unlocking plan as group debt weighs

Investors may be waiting for details and how SC allowing govt to fully divest stake in Hind Zinc plays out

There was extreme turmoil in the share price of commodity conglomerate, Vedanta as the market responded to two news events. Promoter Anil Agarwal said the company is considering a demerger and separate listing of the aluminium, iron & steel, and oil & gas businesses as three standalone entities.

Vedanta has appointed a committee of directors to study the pros and cons and consider the best way to go through this process. Agarwal said current shareholders should eventually end up holding shares in four different companies – the parent (which is a subsidiary of the London parent) and three newly listed