Abstract: Most of the merger, acquisition and alliances happening around in the corporate world fail to create significant value for shareholders. Merger & acquisition, Share buyback, stock split, Demerger, Debt reduction etc. are different corporate financial restructuring options use by corporate to create shareholders value. Among plethora of corporate financial restructuring options available to corporate not all are value accretive. This paper try to investigate out of the different financial restructuring options available to corporate which one is creating more value to shareholders by measuring changes in level of shareholders wealth before and after of corporate financial restructuring. This paper compare four type of corporate restructuring method i.e. shares buyback, stock split, demerger and merger. It is found that in some cases corporate financial restructuring is able to add value to shareholders in short term but not able to unlock value to shareholders in long term.