Vedanta Share Price Fall 6% After Promoter Twin Star Holdings ₹2,149 crore Block Deal

Vedanta shares fell 6% on Tuesday after promoter Twin Star Holdings sold a 1.7% stake in the company for ₹2,149 crore in a large block deal

Vedanta Limited shares witnessed a sharp decline on Tuesday, June 23, 2026. The share price of this major metals and mining company fell 6% in early trading hours. This decline occurred shortly after market opening following news of a major transaction involving the company’s promoters. Investors reacted quickly to the increased trading volume on the exchanges, leading to selling pressure across the market.

The primary reason for the sudden decline was a large block deal completed in the open market. According to trading data, approximately 73 million shares of the company changed hands in a single transaction. This amount represents approximately 1.7% of the group’s total outstanding equity. The entire transaction was valued at ₹2,149 crore, with shares trading at ₹292 per share. Investors had expected this to be a block deal, as reports had indicated a floor price of ₹291, a 4.9% discount to Monday’s closing price of ₹305.85.

Market sources indicate that the primary seller in this multi-crore transaction was Twin Star Holdings. Twin Star Holdings is a key promoter entity within billionaire Anil Agarwal’s group. As of March 31, 2026, Twin Star Holdings was registered as the largest promoter shareholder in the mining giant, holding a 40% stake. At the end of the March quarter, the entire promoter group held a 56.38% stake in the business. The decision to sell a portion of its holdings led to some caution among institutional buyers, although the exact identity of the buyers could not be immediately confirmed.

The large share sale coincides with another major corporate development for the mining giant. Global index provider MSCI announced on Tuesday that it was removing Vedanta from its global standard index. This removal follows the completion of a major corporate restructuring. Market analysts say Vedanta previously had a weighting of approximately 78 basis points in the MSCI Emerging Markets Index. Removal from these major indexes typically leads to passive fund outflows, which, along with the promoter stake sale, put additional pressure on the stock price.

This follows the recent major corporate restructuring the group completed. The group successfully vertically split its core business into five separate listed companies. These entities include parent firm Vedanta, as well as Vedanta Aluminum Metal, Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel. While the newly listed demerged arms saw strong buying interest from investors last week, the remaining parent businesses are currently facing short-term adjustment challenges in the stock markets.

Despite the immediate decline in the stock, the company’s latest financial results demonstrate strong operational health. In the fourth quarter of fiscal year 2025-26, the mining giant reported a robust 154% year-on-year increase in consolidated net profit to ₹3,483 crore. Total revenue from operations also increased 14% to ₹40,455 crore. Management attributed this growth to rigorous cost optimization and favorable commodity market conditions. Additionally, the Group has invested Rs 14,918 crore in growth capital expenditure to build a strong earnings pipeline for the coming years.