Vedanta shares fall 6% after Rs 2,149 crore block deal; promoter Twin Star likely seller

Shares of Anil Agarwal-led Vedanta fell as much as 6% from their intraday high of Rs 287 on the BSE on Tuesday after media reports claimed that promoter entity Twin Star Holdings likely pared its stake through a block deal. Approximately 7.3 crore shares, worth Rs 2,149 crore, changed hands at Rs 292 apiece in the transaction.

The Economic Times was unable to verify the buyers and sellers in the transaction. Twin Star Holdings is Vedanta’s largest promoter shareholder, holding a 40% stake in the company as of March 31, 2026. The overall promoter group owned 56.38% of Vedanta at the end of the March quarter. The number of shares that changed hands amounts to 1.7% of the company’s outstanding equity

Following the completion of its mega demerger, Vedanta has been removed from the MSCI Global Standard Indices. MSCI said on Tuesday that Vedanta, which now represents the residual business after the spin-off of its key operating units, will be deleted from its standard and large-cap indices post the demerger.

In an earlier note, Nuvama said that Vedanta had a weight of nearly 78 basis points in the MSCI Emerging Markets Index and around 77 basis points in FTSE indices. The brokerage expected all Vedanta group entities, except Vedanta Aluminum, to be removed from MSCI’s standard indices or, depending on eligibility thresholds, shifted to the small-cap index.

For FTSE, Nuvama expects an automatic adjustment in index weights, with both Vedanta and Vedanta Aluminum likely to remain part of the index. The brokerage noted that the treatment of the other demerged entities remains uncertain and could vary based on index rules. These companies may either be temporarily retained with negligible weights or eventually excluded.

Vedanta Q4 snapshot
Mining major Vedanta reported a 154% year-on-year rise in consolidated net profit to Rs 3,483 crore for the fourth quarter of FY26, while revenue from operations grew 14% YoY to Rs 40,455 crore.

Consolidated EBITDA during the quarter meanwhile grew 30% YoY to Rs 11,618 crore. Vedanta said this outstanding performance was driven by continuous focus on operational excellence, disciplined cost optimization, and the advantage of buoyant market dynamics. Shares of the company have gained around 26% in one month.

Experts say the demerger is a major value-unlocking event backed by record FY26 financials, sub-1x Net Debt/EBITDA leverage, and strong execution. Khandwala Securities noted the group has already deployed Rs 14,918 crore in growth capex, setting up an earnings pipeline through FY27-28, and argued the restructuring removes the typical 20-40% conglomerate discount seen across diversified Indian groups, with each business expected to draw sector-specific investors and peer-based valuations.

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