Vedanta Shares Fall 3% After Death of Anil Agarwal’s Son

Thursday turned gloomy for Vedanta as its share price today dipped by 3% after the death of Agnivesh Agarwal due to a heart attack in New York. He was the son of company chairman Anil Agarwal.

His early demise shook the company and unsettled investors, resulting in a drop in stock prices that had been high recently.

The previous day, the stock closed at Rs 622.20 and opened lower as traders reacted towards the news.

Two days ago, it reached a one-year high of Rs 629.90 because of the company’s robust performance and positive future initiatives.

Over the last month, Vedanta’s shares climbed 21% driven by optimism about its strategy to distribute itself into more companies, separately.

Vedanta Share Price Today

However, a drop in Vedanta’s share rate, which is Rs 601.55 on January 7, 2026, caused a short-term pause in its upward trend.

‘The Darkest Day of My Life’: Chairman Anil Agarwal On His Son’s Sudden Demise

Expressing deep grief on social media on the sudden demise of his 49-year-old son, Agnivesh, Vedanta Chairman Anil Agarwal called it a ‘Darkest Day of His Life’.

When Agnivesh recovered from a skiing accident, everyone in the family felt happy because he was out of danger now. He was admitted to Mount Sinai Hospital in New York.

But their happiness was short-lived as he died of sudden cardiac arrest. Grieving over his loss, Agarwal said it is unfortunate when a son dies before his father.

His death has shattered the whole family, and it will be hard to recover from this dilemma.

Besides business leaders from all over India, Prime Minister Narendra Modi has also expressed his deep condolences over Agarwal’s son’s death.

Brief About Agnivesh Agarwal’s Journey

Agarwal recalled the stellar journey of his son from a middle-class family to becoming a distinguished businessman.

Agnivesh was born on June 3, 1976, in Patna. According to his father, he was an ideal son, an ideal brother, a loyal person, and a thorough gentleman who cared for his family and friends. Agnivesh inspired many lives during his lifetime.

He completed his studies at Mayo College in Ajmer and then went to the United States for further studies.

According to a news report, Agnivesh never joined his father’s company directly. Instead, he prepared himself to know business, finance, and how the corporate world works.

After equipping himself with all knowledge, he returned to India and joined Vedanta Group Companies.

Agnivesh set up Fujairah Gold and worked as chairman of Hindustan Zinc.

He was also one of the board of directors of Talwandi Sabo Power Limited (TSPL).

In Punjab, it is among the largest private thermal power plants.

Sharing one more fact about his son Agnivesh, Vedanta chairman said he was never into the limelight and was highly active on social media or any other public platforms.

Even in the Vedanta Group, everyone knew him as a seasoned board member with sharp visionary skills.

Vedanta Still on Track

Vedanta is indeed experiencing a short-term stock volatility, but the company continues to move forward with its revival plan.

It is planned to divide into five separate businesses - oil & gas, steel, zinc & copper, power, and aluminium.

Shareholders and regulators have already given a positive response to this plan.

Today, with a market value of Rs 1.97 lakh crore, Vedanta produces 81% of India’s zinc supply.

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