Focus on Vedanta shares following Rajiv Kumar’s appointment as CEO of the aluminum company

Shares of Vedanta are expected to stay in the news today due to a leadership shift at the massive mining and metals company. With regulatory permits for reorganization pending and an experienced industry veteran taking over to lead its aluminum business, Vedanta shares are probably going to stay in the spotlight today.

The CEO of Vedanta Aluminium is Rajiv Kumar.

The new CEO of Vedanta’s aluminum division is Rajiv Kumar, a veteran of Tata Steel. In an exchange document released on Wednesday, the business announced Kumar’s appointment. He will begin his three-year term on March 26, 2025.

Kumar is a BIT Sindri metallurgical engineer who has had leadership roles in both mining and steel operations at Tata Steel.

Overseeing Vedanta Aluminium’s overall strategy as CEO, Kumar will concentrate on enhancing the company’s environmental, social, and governance (ESG) activities, advancing digital transformation, and increasing operational efficiency. 

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The Demerger of Vedanta

Another important factor contributing to the stock’s attention is Vedanta’s demerger ambitions. The business is currently dividing into five distinct listed companies: basic metals, steel, electricity, oil and gas, and aluminum.

Anil Agarwal, the founder of Vedanta, stated in an interview with CNBCTV18 that the demerger has already been approved by creditors and shareholders, and the National Company Law Tribunal’s (NCLT) final clearance is anticipated in the next four to six weeks. He refrained from providing a precise completion date, though.

Each newly established firm will provide its shareholders one share without altering its overall ownership structure. 

In what way is the stock of Vedanta doing?

The performance of Vedanta’s shares has been inconsistent. A slight 0.3% increase in the stock has occurred during the last five trading sessions. Stock prices have increased by 15%.

When considering the long-term trend, Vedanta’s stock has decreased by 9% over the past six months.

Comparatively speaking, Vedanta’s stock price has increased by 71% in the last 12 months. Vedanta has provided investors with a 5% return from the beginning of 2025.

The stock peaked at Rs 526.95 52 weeks ago and fell to Rs 27.35.