Economic TimesLean R·
Vedanta demerger unlocks 20% value; Aluminium arm becomes most valuable
Mumbai: The Vedanta group managed to unlock about 20% value amidst its five companies, even as the shares of its four newly-demerged businesses gave up their early gains to end with losses on their stock exchange debut.While shares of Vedanta Aluminium Metal, Vedanta Oil and Gas, Vedanta Power and Vedanta Iron and Steel ended 1-5% lower on the BSE on Monday, the combined value of these four entities along with the residual entity-Vedanta stood at around ₹902. This represents gains of 20% over ₹…
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