Vedanta, a major player in the mining sector, has completed its demerger, leading to the formation of four new companies: Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas, and Vedanta Iron and Steel. Each eligible shareholder will receive one share of these newly formed entities for every share of Vedanta held, marking a significant restructuring in India's metals and mining industry. The record date for this demerger was set for May 1, but due to a market holiday, the adjustment occurred on April 30, resulting in a sharp drop of over 63% in share price on that day. Currently, the new entities are in a price-discovery phase as they await listing approval, which Vedanta Resources CEO Deshnee Naidoo announced would be filed next week. Shares are expected to begin trading by mid-June. Analysts from Nuvama Institutional Equities have provided target prices for the new companies, valuing Vedanta's zinc and copper at ₹336 per share and aluminium at ₹477 per share, among others. Meanwhile, Vedanta's share price has risen nearly 6% post-demerger, reaching an intraday high of ₹305.90 on the NSE.