Shares of Vedanta Aluminium Metal Ltd. (VAML), one of four entities spun off from Vedanta Ltd. under its recent demerger plan, made their stock market debut on Monday, June 15, 2026. The stock opened at Rs 527, briefly climbed to a high of Rs 538, but then saw a significant decline, hitting a low of Rs 500.65 during early trading, representing a nearly 5% drop from its opening price.
Other Vedanta Entities Also List
Alongside VAML, three other companies carved out of the Anil Agarwal-led conglomerate also debuted on the stock exchanges on the same day: Vedanta Iron & Steel Ltd., Vedanta Oil & Gas Ltd., and Vedanta Power Ltd. All these newly listed entities have been placed in the trade-for-trade (T2T) segment.
Understanding the T2T Segment
The T2T segment imposes specific trading restrictions, disallowing intraday trading. This means all transactions must result in the delivery of shares. Consequently, investors who purchase shares of any of these Vedanta demerged entities on a given trading day can only sell them from the subsequent trading day onward.
Demerger Background and Share Allotment
The demerger process, which received approval from the National Company Law Tribunal (NCLT) in December 2025, involved a record date of May 1, 2026. Eligible Vedanta shareholders who held the stock before this date received one share each of Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel for every Vedanta share they owned.
Analyst Insights on Vedanta Aluminium
Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, commented on the aluminium business, suggesting investors might consider evaluating Vedanta Aluminium Metal due to its ongoing capacity expansion and supportive trends in LME aluminium prices. Nuvama Institutional Equities highlighted Vedanta's broader resources portfolio, citing its scale, diversification, strong balance sheet, and low-cost zinc-lead-silver business. The brokerage anticipates future growth driven by increased volumes across key businesses like aluminium and zinc, coupled with improved cost efficiencies in aluminium operations. Emkay Global Financial Services indicated a strong re-rating potential for both Vedanta Aluminium and Vedanta Power.