New Delhi, April 24 -- Vedanta share price fell over 3% on Friday, extending losses for the fifth consecutive session. Vedanta shares dropped as much as 3.73% to Rs.708.10 apiece on the BSE.

The metals and mining major is set to undertake a significant restructuring through a demerger. The Anil Agarwal-led conglomerate will split into five separate publicly listed companies - Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Iron & Steel, and Vedanta Ltd.

Under the scheme of arrangement, Vedanta shareholders will receive equity shares in the four newly demerged businesses in a 1:1 ratio. This implies that eligible shareholders will be allotted one share in each of the new entities for every share held in Vedanta Ltd as on the...