Shares of the newly-demerged Vedanta entities i.e. Vedanta Aluminium, Vedanta Oil & Gas and Vedanta Power fell up to 5% on Tuesday, a day after listing on the exchanges. The Vedanta demerger marked one of the largest corporate restructurings undertaken in India's metals and mining sector.
Vedanta Aluminium shares were locked in the 5% lower circuit at Rs 475.65, while Vedanta Oil & Gas hit its 5% lower circuit limit at Rs 35.20. Vedanta Power also opened 5% lower but quickly recovered some ground and was trading only marginally lower.
