Business corporations across the world have a long and glorious past. They are veins through which the money circulates in the economy. They not only provide goods and services to people but also their contribution to the global economy, the wealth of nations, and economic variables like employment, inflation, and interest rates are remarkable. Like large business corporations of the world, Indian businesses also have a glorious past. They have withstood the changes of times from colonial rule, to independence and from a protectionist economy to liberalization and globalization. These Indian businesses have seen these transformations and have adopted changes through an exercise known as corporate restructuring. Corporate restructuring means a significant change in the resources that a corporation allocates to markets or process activities or geographical locations in which it is present. Corporate restructuring can be carried out for different purposes in many ways. The study concentrates on demergers that have been carried out as a part of corporate restructuring as a process and tries to establish a relationship between demergers and the value creation for shareholders.