Mumbai, April 30 -- The stock traded at Rs 278.85 on the BSE, against a previous close of Rs 773.25. It moved between Rs 291.05 and Rs 271.50 so far.

On the NSE, it quoted Rs 278.20 versus a previous close of Rs 773.60, with an intraday high of Rs 292 and low of Rs 271.50.

The sharp decline reflects a mechanical adjustment following the demerger. The stock's ex-demerger price was discovered at Rs 289.5 during a special pre-open session conducted by exchanges today.

Under the restructuring, Vedanta will spin off its aluminium, power, oil and gas, and iron ore businesses into separate listed entities. Shareholders as of the record date will receive one share in each new company for every share held.

The record date for the demerger is M...