Vedanta stock drops 65% on ex-demerger adjustment
after close1 source ↓written by the desknot a recommendation
- to ₹276
- 65%
Shares of Vedanta Ltd. fell 65% to ₹276 on 30 Apr 2023, following the stock's ex-demerger adjustment, down from ₹773.25. The record date for the demerger is set for 1 May, impacting investors holding shares prior to the ex-date. This decline reflects price adjustments rather than fundamental issues in the business.
Not investment advice. For informational purposes only.