Vedanta demerger companies scheduled to list on June 15

Four companies created by Vedanta's demerger are set to begin trading on June 15. Analysts recommend one of them as a strong buy.

Vedanta's demerger will result in four new listed entities. They include Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel.

The companies are expected to debut on June 15. Vedanta Aluminium Metal stands out to analysts because of planned capacity growth and steady London Metal Exchange prices.

The remaining three entities are projected to enter the market as small-cap stocks.

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Vedanta completed a major corporate restructuring that split the company into five entities. The move boosted combined market capitalization by 67% to Rs 3.5 lakh crore. Vedanta Aluminium emerged as the most valuable unit among the new pure-play businesses.

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