New Delhi, April 22 -- Vedanta's board has approved the much-awaited demerger of its business, which will result in the creation of four separate entities. The Anil Agarwal-led mining major also announced the demerger record date as 1 May.

Vedanta will demerge its businesses into aluminium, merchant power, oil and gas and iron ore verticals into separate listed entities. As part of the spin-off, each shareholder will be allotted shares in the ratio of 1:1 for each demerged entity.

So, if you hold one Vedanta share as on the record date, it means that you will end up with five shares on the ex-date.

But one thing investors must note about Vedanta's demerger date is that it falls on a stock market holiday. Therefore, it changes the last ...