Vedanta Limited, the Anil Agarwal-led company, is set to be removed from the MSCI Global Standard Indexes, effective June 22, 2026. This change follows the successful completion of its extensive demerger process, which saw the company split into five distinct entities.
The final stage of the demerger concluded on June 15, when four newly formed businesses began trading independently on the stock exchanges. These new entities are Vedanta Power Ltd, Vedanta Iron and Steel Ltd, Vedanta Aluminium Metal Ltd, and Vedanta Oil and Gas Ltd.
MSCI announced on Tuesday that Vedanta, now considered the residual entity after its corporate restructuring, would be deleted from both its Standard and Large Cap indices. The primary reason for this removal is the significantly reduced market capitalization of the remaining Vedanta entity following the spin-off of its various business units.
Demerger Details and Shareholder Impact
The demerger process, which received approval from the National Company Law Tribunal (NCLT) in December 2025, involved the creation of these new companies. Eligible Vedanta shareholders who held stock before the record date of May 1, 2026, received one share of each of the four newly listed entities for every Vedanta share they owned.
The newly listed companies—Vedanta Power, Vedanta Iron and Steel, Vedanta Aluminium Metal, and Vedanta Oil and Gas—have been placed in the trade-for-trade (T2T) segment. This classification means that intraday trading is not permitted for these shares; all transactions must result in the delivery of shares. Consequently, investors purchasing shares in these demerged entities on a given day can only sell them from the subsequent trading day onward.
Market Reaction to the Split
Following these developments, Vedanta's stock experienced a slight decline, slipping 0.83 percent to Rs 300.10. Among the new listings, Vedanta Aluminium and Vedanta Oil both saw declines of 5 percent, trading at Rs 475.65 and Rs 35.20, respectively. In contrast, Vedanta Iron gained 5 percent to Rs 22.10, while Vedanta Power inched up 0.12 percent to Rs 41 in early trading.
The removal from the MSCI Global Standard Indexes marks a significant shift for Vedanta, reflecting the market's re-evaluation of the company's structure and valuation post-demerger.