Vedanta Ltd shares plunged more than 63% to around ₹289.50 after a company-mandated special price discovery session tied to its historic five-way vertical demerger. Although the price action appears like a heavy loss from the previous close of ₹773.60, the move largely reflects the stock turning ex-demerger and resetting how value is quoted post-split.
For decades, a consignment route has quietly structured India’s gold and silver imports, nurturing a closed marketplace with limited transparency. Hundreds of tonnes change hands through entrenched channels, and the lack of open trading makes price discovery less effective—leaving buyers and regulators without clear signals of true market value.
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