On the NSE, it quoted Rs 278.20 versus a previous close of Rs 773.60, with an intraday high of Rs 292 and low of Rs 271.50.

The sharp decline reflects a mechanical adjustment following the demerger. The stock’s ex-demerger price was discovered at Rs 289.5 during a special pre-open session conducted by exchanges today.

Under the restructuring, Vedanta will spin off its aluminium, power, oil and gas, and iron ore businesses into separate listed entities. Shareholders as of the record date will receive one share in each new company for every share held.

The record date for the demerger is May 1, which falls on a market holiday. Investors who bought shares on or before April 29 will be eligible for the share allotment in the spun-off entities.

The adjusted share price now reflects only the residual business, while the value of the demerged verticals will be realised separately once the new entities are listed.

The restructuring is aimed at creating focused, sector-specific businesses and improving transparency for investors.

Vedanta is a global producer of critical minerals, energy transition metals, power, and technology, with operations across India, South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan, and Japan. It is the world’s largest integrated zinc producer, the fourth-largest silver producer, and among the top aluminum producers globally. Vedanta is also India’s only private oil and gas producer and one of the country’s largest private power generators.

On a consolidated basis, Vedanta's net profit jumped 88.51% to Rs 9,352 crore on 47.48% increase in revenue from operations to Rs 24,609 crore in Q4 FY26 over Q4 FY25. Net debt/ EBITDA improved to 0.95x in Q4 FY26 compared with 1.22x in Q4 FY25.