23 Jun , 2026 By : Debdeep Gupta
Vedanta Ltd shares fell nearly 6 percent in early trade on Tuesday after around 1.8 percent equity stake in the company was sold for an estimated Rs 2,149 crore via large block deals. The stock traded at Rs 288 in early morning deals, down 5.8 percent from its previous close of Rs 305.85. According to exchange data, about 7.3 crore Vedanta shares were traded at Rs 292 per share through block deals.
The deal comes after CNBC-TV18 reported that promoter entity Twin Star Holdings was likely to sell up to 6.5 crore shares via block trades, with a floor price of Rs 291 per share. The reported floor price represented a discount of about 4.9 percent to Monday's closing price. Vedanta Ltd has a market capitalisation of over Rs 1.1 lakh crore.
While the identities of the buyers and sellers were not immediately known, market participants had expected the transaction to involve promoter stake dilution by Twin Star Holdings, Vedanta's largest shareholder. As of March 31, 2026, Twin Star Holdings owned 40.02 percent of Vedanta, while the promoter group collectively held a 56.38 percent stake in the company.
The block deal comes less than two weeks after Vedanta completed one of the largest corporate restructuring exercises in India, with the listing of its demerged aluminium, oil and gas, power, and iron and steel businesses.
Despite Tuesday's decline, Vedanta shares remain above their ex-demerger closing price of Rs 271.55 recorded on April 30, when the stock began trading without the value of the spun-off businesses. Prior to the demerger adjustment, Vedanta had closed at Rs 773.6 on April 29.
The stock has also recovered from the initial volatility seen around the demerger process, as investors reassessed the value of the residual Vedanta business alongside the newly listed entities. Earlier this month, the combined market capitalisation of Vedanta Ltd and its four newly listed entities exceeded the group's pre-demerger valuation, suggesting investors had assigned a higher aggregate value to the standalone businesses than to the conglomerate structure.
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