However, in the subsequent referendum on the question of demerger, he was accused of betraying his supporters by coming out strongly in favour of the no side, supporting the megacity.
A demerger can take place through a spin-off by distributed or transferring the shares in a subsidiary holding the business to company shareholders carrying out the demerger.
The demerger can also occur by transferring the relevant business to a new company or business to which then that company's shareholders are issued shares of.