The four companies that spun out from Vedanta’s mega demerger are set to list on stock exchanges on Monday (June 15). For investors who have missed out on the mega restructuring, analysts commented on which stock may provide better returns once they debut on stock markets.
The Anil Agarwal-led conglomerate in April had announced that each of its eligible shareholders will get one share of Vedanta Aluminium Metal (VAML), one share of Talwandi Sabo Power (now renamed to Vedanta Power), one share of Malco Energy (now renamed to Vedanta Oil and Gas) and one share of Vedanta Iron and Steel, for every share held in Vedanta, marking one of the biggest corporate restructuring in India’s metals and mining space.
