Newly Listed Vedanta Demerger Stock Hits 20% Upper Circuit As ICRA Assigns AA+ (Stable) Rating; Volume Surges Nearly Doubles
Join Us
Follow Us
Vedanta Oil & Gas, recently listed following the demerger of Vedanta Limited, locked in the 20 per cent upper circuit after ICRA assigned an AA+ (Stable) rating to its long-term fund-based term loan.
✨ Key Takeaways
On Wednesday, Indian benchmark indices traded higher, with the Nifty 50 rising 166.10 points, or 0.70 per cent, to 24,031.85. Amid the positive market sentiment, Vedanta Oil & Gas (VOGL) share price was locked in the 20 per cent Upper Circuit at Rs 38.68. The stock witnessed strong trading interest, with 163.31 million shares changing hands, significantly higher than the 10-day average volume of 86.57 million shares, indicating robust investor participation.
ICRA Assigns AA+ (Stable) Rating
Vedanta Oil & Gas informed the stock exchanges that ICRA Limited has assigned an 'ICRA AA+ (Stable)' rating to the company's long-term fund-based term loan. The credit rating reflects the company's strong credit profile and financial stability. The company also stated that the detailed rationale has been published by the rating agency.
Recently Listed After Vedanta Demerger
Vedanta Oil & Gas is one of the four companies that emerged from the Vedanta Limited demerger, which was completed in June 2026. Under the restructuring, Vedanta's businesses were separated into independently listed entities to enable focused management, improve operational efficiency and unlock shareholder value. Vedanta Oil & Gas represents the group's upstream oil and gas business and operates under the Cairn brand.
Vedanta Oil & Gas Shareholding Pattern
As of the June 2026 shareholding pattern, promoters held a 56.38 per cent stake in the company, reflecting continued promoter confidence. Foreign Institutional Investors (FIIs) owned 14.05 per cent, while Domestic Institutional Investors (DIIs) held 12.96 per cent. The public shareholding stood at 16.38 per cent, with the Government holding 0.06 per cent and the Others category accounting for 0.16 per cent. The company had a total of 21,78,547 shareholders as of June 2026.
Also Read - Mahindra Group-Backed Auto Company Tops Nifty 50 as June Sales Beat Street Estimates
About Vedanta Oil & Gas
Vedanta Oil & Gas Limited is one of India's largest private-sector crude oil and natural gas producers. The company is engaged in the exploration, development and production of hydrocarbons across multiple oil and gas blocks in India. It plays a significant role in enhancing India's domestic energy production and reducing dependence on crude oil imports through its portfolio of producing and development assets.
Add DSIJ as your preferred news source on G o o g l e
Add NowWhat are your views on Vedanta Oil & Gas after its strong market debut and latest credit rating upgrade? Share your thoughts in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.