InvestorQ : Is it confirmed that Vedanta Ltd is going to delist its shares from India?
diksha shah made post

Is it confirmed that Vedanta Ltd is going to delist its shares from India?

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Arti Chavan answered.
8 months ago
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That has been confirmed by the London based parent Vedanta Resources and the filing has also been made with the stock exchange. Vedanta plans to delist its shares from all the stocks exchanges in India where the stock is listed. Vedanta proposes to offer Rs.87.5 per share to the public shareholders. This is marginally below the closing price of the stock on 12 May. The stock was up nearly 15% on Tuesday. While Vedanta Resources PLC holds 51.06% in Vedanta Ltd, public holds the balance 48.94%. At the delisting price of Rs.87.50 proposed by Vedanta, the total value of shares to be purchased from the public will be close to Rs.14,800 crore. It could be a conscious decision to avoid the hassles of multiple listing.

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