Vedanta dips 3% after company announces value unlocking plans

The board to evaluate and recommend a range of options and alternatives, including demergers, spin-offs or strategic partnerships of its aluminium, iron & steel, and oil & gas businesses

Shares of Vedanta dipped 3 per cent to Rs 326.15 on the BSE in Thursday's intra-day trade after the company on Wednesday after market hours said it has appointed a committee of directors to evaluate and recommend a range of options and alternatives, including demergers, spin-offs or strategic partnerships of its aluminium, iron & steel, and oil & gas businesses.

With today's fall, the market price of Vedanta was down 16 per cent from its 52-week high level of Rs 385.75 touched on October 19, 2021. The stock had hit a 52-week low of Rs 106.20 on November 18,