When four companies carved out of billionaire Anil Agarwal's commodities empire begin trading simultaneously on Monday morning, one will tower above the rest. Vedanta Aluminium Metal Limited (VAML), the pure-play aluminium spinoff, is poised to attract the lion's share of investor attention, drawing the biggest listing pop and carrying the strongest fundamental case in what analysts are calling a once-in-a-generation restructuring of one of India's most complex conglomerates.
The listing pop is expected to be the highest for the aluminium business, followed by the oil and gas unit, and the power division, experts said. The rare market event tests investor appetite for a restructured conglomerate aiming to capitalise on an anticipated supercycle in resources.
