Why Vedanta shares fell 65% today
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Vedanta's share price witnessed a massive fall of 65% on Thursday. The fall was purely technical and not due to any destruction of investor wealth, as the stock adjusted for its much-awaited demerger.
The company started trading on an ex-demerger basis, meaning the stock price now excludes the value of its four newly carved-out businesses.
The company started trading on an ex-demerger basis, meaning the stock price now excludes the value of its four newly carved-out businesses.
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