Vedanta Oil & Gas shares debuted at Rs 39 apiece after a special pre-open session on BSE on Monday, as Vedanta wrapped up its mega demerger with four new listings.Vedanta Oil and Gas shares listed on NSE at Rs 38 apiece. The company’s market capitalisation at the time of debut stood at Rs 14,859.47 crore.Vedanta Oil and Gas was expected to command a fair value of Rs 42 per share, as per Sunny Agrawal, Head of Fundamental Research at SBI Securities. Nuvama, meanwhile, expected the company to debut with a market capitalisation of Rs 15,824 crore.Also read: shareholders?(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Vedanta Oil and Gas shares list at Rs 39 on BSE as 4 demerged entities debut on Dalal Street
Vedanta Oil & Gas shares debuted at Rs 39 on BSE and Rs 38 on NSE as part of Vedantas mega demerger that led to four new listings. The companys valuation came broadly in line with estimates, marking a key milestone in one of Indias largest corporate restructuring exercises.
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