Vedanta Demerger, April 28 -- The widely anticipated demerger of metal and mining major Vedanta is finally set to go through this week. Vedanta has set 1 May as the effective and record date for its demerger into five separate entities.

Vedanta will demerge its aluminium, merchant power, oil and gas and iron ore verticals into separate listed entities. As part of the spin-off's scheme of arrangement, shareholders will get shares in a 1:1 ratio for each demerged entity.

While the stock has seen a sharp surge in its stock price of almost 80% in a year in expectation of the demerger, it has faced selling pressure since the record date was declared.

Vedanta announced its demerger record date on 20 April, and since then, the stock has seen ...