Vedanta Shares Plunge After Anil Agarwal's Son Agnivesh's Tragic Demise

Share Market
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News18•08-01-2026, 11:20
Vedanta Shares Plunge After Anil Agarwal's Son Agnivesh's Tragic Demise
- •Vedanta Limited shares fell 4% to Rs 596.75 after the sudden passing of Agnivesh Agarwal.
- •Agnivesh, son of Vedanta Chairman Anil Agarwal, died in New York from cardiac arrest after a skiing injury.
- •The stock's decline comes just days after hitting a 52-week high of Rs 629.90, with a 21% gain in the last month.
- •Anil Agarwal expressed profound grief on 'X', calling it the "darkest day of his life."
- •Despite volatility, Vedanta Group is proceeding with an ambitious 1:5 demerger plan approved by shareholders.
Why It Matters: Vedanta shares dropped significantly following Agnivesh Agarwal's demise, impacting investor sentiment.
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