Vedanta Demerger, April 30 -- Vedanta share price appeared to plunge 65% on Thursday, April 30, during a special pre-open session (SPOS). However, this sharp fall is purely technical and does not reflect any destruction of investor wealth, as the stock adjusted for its much-awaited demerger.

After the SPOS, the Vedanta stock opened at Rs.289.50. Meanwhile, it hit its day's high of Rs.292 and day's low of Rs.271.50, implying a 65% decline from its previous close ( Rs.773.60).

The decline comes as Vedanta began trading on an ex-demerger basis, meaning the stock price now excludes the value of its four newly carved-out businesses. For investors, this is a standard adjustment seen in corporate restructurings, where the parent stock price re...