SynopsisVedanta has completed its demerger, with investors awaiting the listing of four new companies. The company has shared the cost of acquisition ratios for these entities. Shareholders will receive individual cost allocations for Vedanta, Malco Energy, Talwandi Sabo Power, Vedanta Aluminium Metal, and Vedanta Iron and Steel. Analysts have provided target prices for these demerged companies.ETMarkets.comVedanta recently underwent its much-awaited demerger, with investors now awaiting the listing of the four new companies that spun out of the mining conglomerate. The company recently shared the cost of acquisition ratio for the equity shares of the company.In an exchange filing released on Saturday, the company said Vedanta shares will account for more than 52% of the total cost of acquisition of the shares of the company. The remaining cost will be divided among the four new companies, namely Vedanta Aluminium Metal (VAML), Talwandi Sabo Power (to be renamed Vedanta Power), Malco Energy (to be renamed Vedanta Oil and Gas) and Vedanta Iron and Steel.Malco Energy will account for the biggest share after Vedanta, representing 21.49% of the total cost. It will be followed by Talwandi Sabo Power (12.23%), Vedanta Aluminium Metal (7.15%) and Vedanta Iron and Steel (6.79%).ETMarkets.comWhat this means for shareholders?Let’s take an investor named X for example. X bought Vedanta shares worth Rs 10,000 before the demerger. After the demerger, he saw the value of Vedanta shares significantly reduce in value after the adjustment. He is currently awaiting the listing of the four new companies.According to the cost of acquisition ratio announced by the company, Rs 5,234 will be considered the cost of acquiring Vedanta shares, while that for Malco Energy shares will be Rs 2,149, followed by Talwandi Sabo Power (Rs 1,223), Vedanta Aluminium Metal (Rs 715) and Vedanta Iron and Steel (Rs 679). Hence, X’s total cost of acquisition remains the same at Rs 10,000. The individual cost of acquisition for the stocks may be needed by investors to calculate profit and applicable taxes when they sell them. This does not reflect the listing prices for the four new companies.At what prices will the four new Vedanta companies list at?Nuvama had set target prices for the soon-to-be-listed demerged entities. “We value Vedanta (zinc and copper) at Rs 336/share, aluminium at Rs 477/share, oil & gas at Rs 47/share, steel & iron ore at Rs 30/share and power at Rs 47/share,” it said.Vedanta in April had announced that every eligible shareholder would receive one share each of Vedanta Aluminium Metal (VAML), Talwandi Sabo Power (to be renamed Vedanta Power), Malco Energy (to be renamed Vedanta Oil and Gas) and Vedanta Iron and Steel for every share held in the parent company—marking one of the biggest corporate restructurings in India’s metals and mining sector.Vedanta shares had set May 1 as the record date for the much-awaited demerger. Since it was a market holiday on account of Maharashtra Day, the shares of the company adjusted to the demerger on April 30, appearing to have crashed more than 63% in one single day.Eligible shareholders set to receive shares of the four newly demerged companies can continue trading Vedanta stock. However, the value attributable to these new entities is currently in price-discovery limbo—from the record date until their listings—since investors cannot trade them yet, even as Vedanta’s share price has already adjusted lower post-demerger. The listing dates for the four new companies on the BSE and NSE are still awaited.Vedanta share priceVedanta shares have seen a strong surge since adjusting to the mega demerger. On April 30, the shares of the company opened at Rs 289.50 apiece on NSE after the demerger. The stock has gained around 14% since then to hit an intraday high of Rs 329.35 apiece on NSE on Monday.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. 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