Vedanta share price slips nearly 3% after the demise of chairman’s son Agnivesh Agarwal

Vedanta Ltd’s share price declined on January 8, as markets reacted to news of the death of Agnivesh Agarwal, son of Vedanta Group chairman Anil Agarwal. After the news broke, around 11 am, the stock was trading at INR 596.55. It later recovered slightly but remained lower at INR 605.55, a decline of 2.68 per cent from the previous close of INR 622.20.

Shares of Hindustan Zinc Ltd also came under pressure during the session. The stock, which had closed at INR 630 in the previous trading session, opened lower at INR 623 and later slipped to a range of INR 590 – INR 591.30, marking a decline of roughly 6.1 per cent to 6.4 per cent from the previous day’s close.

Anil Agarwal called it the “darkest” day of his life.

Also read: Agnivesh Agarwal, son of Vedanta chairman, succumbs to cardiac arrest after a skiing accident

Vedanta Limited is among India’s largest diversified natural resource companies, with significant operations spanning metals, mining, energy, oil and gas, and power. Its global reach and integrated business model have long made it a bellwether for commodity-linked market performance.

The impact on Vedanta’s stock went beyond short-term price movement. It underscored how sensitive investor confidence can be to the sudden loss of key organisational figures. Markets tend to value stability and continuity, and the unexpected death of a senior leader -particularly one closely associated with family-led governance - often prompts speculative profit-taking and more cautious repositioning by funds and institutional investors.

To know about 2026 aluminium industry trend, visit: Global Aluminium Industry Outlook 2026.