vedanta delisting price

A month later, a postal ballot revealed that 93.3% of all shareholders and 84.3% of public shareholders had approved the delisting. Investors must bid at a much higher price than the offer price or prevailing market price. Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Shares of the company on Tuesday surged almost 12% to close at Rs 89.30 . Vedanta told the exchanges about a delisting offer at a price of Rs 87.5 per equity share. This comprises $1.75 billion in a three-month term loan and $1.4 billion of three-year amortising bonds having 13% yield. We take a look at the process of delisting and the how Vedanta fell short of garnering the threshold amount of 90% of shares of the company, even after public records initially showed that offers by shareholders had crossed that threshold. Anil Agarwal publicly labels the dividend paid on  49%+ public shareholding of Vedanta as “a 06-10-2020. Nevertheless the Vedanta group is not playing the game of corporate simplification for the first time. vol weighted average price 60 days prior to the date of intimation) Tags delisting Vedanta Subscribe to Moneycontrol Pro at ₹499 for the first year and get access to exclusive offers. Let's hope we get 200. share from HZL to Vedanta. Anil Agarwal is taking Vedanta Ltd private. There has to be a balance between the delisting price offered and fair value of the stock to make delisting process successful. 136 Rs per share is almost the CMP today. Vedanta Group requires another 7.62 crore shares for the delisting to succeed. 50 per share ? Global brokerage CLSA has an outperformed rating on Vedanta and it cut the target price to Rs 118 from Rs 133. So, in the case of huge success, the Vedanta delisting is expected to take place around the upper hurdle and those who have bid for delisting will have to either accept that or to decline that rate by cancelling their bid. given dividend in FY 20 significantly below its dividend policy. अनिल सिंघवी- रिटेल निवेशकों के पक्ष में हो डीलिस्टिंग प्राइस... बाजार भाव से अच्छा प्रीमियम मिले... निवेशक डीलिस्टिंग में शेयर टेंडर की जल्दबाजी ना करें#EditorsTake #Vedanta #VedantaDelisting @AnilSinghvi_ @AnilAgarwal_Ved @VedantaLimited pic.twitter.com/Df0Dycy7IZ, — Zee Business (@ZeeBusiness) October 5, 2020. This was not the final offer price for the delisting. On Aug 19, the promoters successfully raised $1.40 billion in bonds. therefore is that beyond the $ 3.15 Bn already raised (Rs. How can this be done? But then never underestimate AA. Stakeholders Empowerment Services (SES) says Vedanta’s stake in Hindustan Zinc alone is valued at Rs 145. 249), it is highly RBB opens on Monday October 5 On the other hand they add some discovered price. Mining baron Anil Agarwal-controlled Vedanta Ltd may suspend the delisting plans for a while as the premium over the floor price demanded by the shareholders is unaffordable for promoters. How should the investors see this? For those who are not happy with the price offered by the promoters of Vedanta, not participating in the buyback is an option. Shareholders. 128 per share of He however, said that the valuation can be different form the view point of an investor and promoters. have already been obtained for 15,500 Cr of borrowing. They had proposed a floor price of Rs 87.25 per share. Investors must ignore the floor price, book value and 52-week low price, as they do not reflect the true value of Vedanta shares. delisting is of strategic importance to Mr. Agarwal's future plans for many reasons, weeks back. Considering that Mr Agarwal can gain immensely by successfully delisting the company, a final price of ₹300 to ₹350/share is possible. This would … Deadline for counter-offer is Tuesday October Vedanta held 64.92 per cent in the company as of June 30. almost half their holding or 15.35 Crore shares at around Rs. given dividend in FY 20 significantly below its dividend policy. 128 per share of Vedanta), where is the money ? Vedanta closed at Rs 122.10 on the BSE on Friday, a gain of 3.83 per cent over the previous close. prevailing price of  crude oil at around Subscribe on YouTube. Later in June, in a special resolution by postal ballot, 93.3 per cent of all shareholders and 84.3 per cent of public shareholders approved delisting of shares of Vedanta. The other reason may be the case as the company may want to take advantage of the lower stock valuations on the stock markets. Vedanta had set a floor price for the delisting offer at Rs 87.25, for which it was severely criticised by market experts and analysts. Delisting also means that Vedanta will be subject to less SEBI scrutiny and can manage with lesser disclosures. On 11th day of May 2020 Vedanta delisting from the Indian stock exchanges was broadcasted. Earlier in 2018, Vedanta Resources, the parent company of Vedanta Ltd had delisted from the London Stock Exchange (LSE) at a 27% premium to the last closing price. Wow! 175 and Rs. Vedanta Limited's delisting process starts today and will remain open this week. Anil Agarwal has now On price and counter offer by the Vedanta promoters, the Market Guru said, "Once the tender of Vedanta shares is complete, it becomes important to know at what price the delisting takes place. ZINC. DETAILED FAQ's ON VEDANTA DELISTING KEY TERMS. Agencies. According to data available from stock exchanges, 137.74 crore shares were tendered at various price level starting from Rs 87.25 a share. The floor price for the Delisting Offer, determined in accordance . This funding can support a price of Rs 140-145 per share. Vedanta  PA was announced today. Anil Agarwal led promoter group said they are exploring all the possibilities including a counter offer on Tuesday. 200. Delisting also means that Vedanta will be subject to less SEBI scrutiny and can manage with lesser disclosures. delisting of Vedanta will be a positive for ratings of the parent UK company 175. He said that a company like Vedanta may not have problems with disclosure requirements. The promoters have raised $ 3.15 billion (about Rs 24,000 crore) to fund the delisting. While Vedanta has been able to mobilise USD 3.15 billion, albeit at a steep cost, to fund delisting, it is now severely limited with no further opportunity to mobilise more money. promoter company for delisting is the dividend from Vedanta Ltd, which has Deadline for counter-offer is Tuesday October This comes to a dividend of Rs 84 per On May 12, the promoter group, led by Vedanta Resources, had shared an indicative offer price of Rs 87.5 a share for delisting. The floor price for the Delisting Offer, determined in accordance with the Delisting Regulations, is INR 87.25. Vedanta Delisting. that LIC do not offer shares below the cost . Question therefore is that beyond the $ 3.15 Bn already raised (Rs. How should the investors see this? 200 per share. Vedanta also revised its book value from Rs 146 to Rs 89 after announcing delisting and hence said they are giving a fair price to the shareholders by keeping the floor price … This was a 9.9% premium over the closing market price of Rs 79.6, as of 11th May 2020. HZL Committee of There may be no downside. The proceeds will primarily be used to support the intended offer to buy out minority shareholders in Vedanta. cash & existing borrowings available with Vedanta, that makes it  50,500 Cr dividend possibility. Either the shareholders accept the price basis the reverse book building offer or else Vedanta will have to return this loan. promoter company for delisting is the dividend from Vedanta Ltd, which has Crisil ratings Earlier in 2018, Vedanta Resources, the parent company of Vedanta Ltd had delisted from the London Stock Exchange (LSE) at a 27% premium to the last closing price. amount of interest as well at a very low rate, may be 5-6%. But the share price went up 28 per cent to Rs 112 after the offer. between Rs. Obviously, they are waiting for delisting though reason given was the After a month-long hustle, Vedanta Limited finally announced that it had failed to get delisted as it couldn’t acquire adequate shares from the shareholders. *Delisting floor price is calculated by SEBI formula ( i.e. The company may want to take advantage of this, Singhvi said. Here’s what you don’t know about Vedanta Limited delisting and the possible Final Price of ₹350/share Published on August 28, 2020 August 28, 2020 • 112 Likes • 60 Comments Singhvi said that he wished that investors get maximum price, especially the retail investors who should get the best opportunity to get the best price, Copyright © Zee Media Corporation Ltd. All rights reserved, Record-setting ''bomb cyclone'' batters Alaska's Aleutian Islands with hurricane force, Happy New Year for PNB Futures! Arriving at the delisting price. Here’s what you don’t know about Vedanta Limited delisting and the possible Final Price of ₹350/sharehttps://www.linkedin.com/pulse/heres-what-you-dont-know-vedanta-limited-delisting-chandavarkar. Check new rate here, CBSE Class 10, Class 12 exams 2021: How to download datesheet on cbse.nic.in and other latest updates here, Mutual Fund Investment – These 3 MFs to give BUMPER returns in 2021; Anil Singhvi gives investment strategy, Rupee slips 4 paise to 73.11 against US dollar in early trade. prevailing price of, Question The floor price for tendering the shares has been set at Rs 87.25 by the company. The same has been certified by Price Waterhouse & Co LLP pursuant to its certificate dated May 18, 2020. Anil Agarwal publicly labels the dividend paid on, HZL is During the delisting, the company has to give high price, he added. The entire delisting will cost Vedanta Ltd over INR 16,200 crores overshadowing withered conditions of Vedanta in past due to metal and oil prices and this bulletin is not a mundane given to fact that it is Nifty 4.26% stock that is getting delisted and there is huge public investment in this posing a fear in minds of people who invested that "What will happen to my money after the process? He said that he will informm what to do with their shares at the right time. share from HZL to Vedanta. Discovered price refers to the bid prices of the shares that help the delisting process cross its acceptance level, which was 134.1 crore shares in the case of Vedanta. The indicative offer price is at an about 10 per cent premium to the trading price of Vedanta on May 11, the day before the delisting announcement was made. The floor price for the Delisting Offer, determined in accordance with the Delisting Regulations, is INR 87.25. and closes Friday October 9. Merchant banker friends tell me Zee Business Managing Editor Anil Singhvi tells investors about the fair price of the share here. He said that he did not expect the delisting to happen below Rs 200. will pay a massive dividend to the UK parent post the delisting. RBB opens on Monday October 5 If this 35,500 Cr, ACCELYA Open offer - Full Interest must be paid. The indicative offer price is at an about 10 per cent premium to the trading price of Vedanta on May 11, the day before the delisting announcement was made. "Not to fall prey," warns against additional charges from January 1, Indian Railways New Year gift to rail passengers: 8 new trains starting this year, check IRCTC full list here, LPG gas cylinder price just got hiked - on first day of January 2021 ! Vedanta Resources has secured $3.15-billion in debt funding to fund delisting. Next block higher dividend payout from HZL. greenshoe. Vedanta Ltd had acquired a 58.5% stake in Cairn India for $8.67 billion in 2011. Block HZL Move to raise DEBT as a minority shareholders. Vedanta pandemic. give a dividend of Rs 35,500 Cr from HZL. Attributing the move to go private to promoters' debt repayment pressures, the advisory said, "Vedanta delisting at a floor price of Rs 87.50 is opportunistic. In May, the promoters of Vedanta had announced a delisting offer at Rs 87.5 per share. Attributing the move to go private to promoters' debt repayment pressures, the advisory said, "Vedanta delisting at a floor price of Rs 87.50 is opportunistic. Question Obviously, they are waiting for delisting though reason given was the promoters to make the delisting successful. 128 per share of give a dividend of Rs 35,500 Cr from HZL. The market knows The mining baron is looking to de-list the entity from the domestic bourses as it announced plans to acquire the shares held by the public at a price of Rs 87.5 per share. The reverse book building process will end at 3.30 pm today. Analysts are quick to “predict” a possible final delisting price of about ₹140/share. The offered closed on Friday. What is the delisting process through reverse book building? Vedanta), where is the money ? 13. Life Insurance Corporation (LIC) Chairman MR Kumar, in an interview with CNBC-TV18, said that Rs 320 is a fair price for Vedanta delisting. This was a 9.9% premium over the closing market price of Rs 79.6, as of 11th May 2020. All these, point towards a brighter future for Vedanta and hence perhaps a greater appetite of Vedanta promoters to make the delisting successful. This is an approval to proceed with the Delisting Offer and is not a decision on the final exit offer price.. In-principle approval: Post shareholders' approval, the Company would be required to apply to Stock Exchanges seeking their in-principle approval. Delisting can be voluntary or involuntary decision. At the price of Rs87.50, the total outflow for Vedanta Resources on account of the delisting and buying out public shareholders will be Rs16,218cr. Check Business Breaking News Live on Zee Business Twitter and Facebook. The reverse book building process started on October 5. Vedanta delisting: At what price must investors sell shares? Vedanta Limited's delisting process starts today and will remain open this week. The best thing for all VEDL Shareholders will be to keep buying HIND. They had proposed a floor price of Rs 87.25 per share. delisting, Vedanta may pay this as a dividend of Rs 136 per share. HIGHER VALUATION OF HIND ZINC WILL BY DEFAULT increase valuation of VEDL. Vedanta), where is the money ? therefore is that beyond the $ 3.15 Bn already raised (Rs. with the Delisting Regulations, is INR 87.25. Here’s what you don’t know about Vedanta Limited delisting and the possible Final Price of ₹350/share Published on August 28, 2020 August 28, 2020 • 112 Likes • 60 Comments This Great action on first day of January series; Anil Singhvi recommends a Buy, Top Stock Market Tips: Anil Singhvi lays down the roadmap for 2021, says eventful year coming for traders, Android 11 for Galaxy Z Flip with One UI 3.0 starts rolling out, Do UPI transactions or payments? Together with the 20,000 Cr cash it is already sitting on, they could The LIC, Citibank, HDFC Mutual Fund and ICICI Prudential Mutual Fund. Vedanta chairman Anil Agarwal, in an interview with CNBC-TV18, said the company will go for a counteroffer for the buyback of shares "if need be". This may be his The same has been certified by Price Waterhouse & Co LLP pursuant to … First of all, Indicative floor price of Rs 87.5 per share has nothing to do with delisting price. Attributing the move to go private to promoters' debt repayment pressures, the advisory said, 'Vedanta delisting at a floor price of Rs 87.50 is opportunistic. Vedanta Delisting: The de-listing offer of Vedanta Ltd has failed to de-list the shares from the bourses, Vedanta’s UK promoters required 134 crore shares. Big relief! The same has been certified by Price Waterhouse & Co LLP pursuant to its certificate dated May 18, 2020. The share tendering process was tepid till October 8 but it gained momentum on the final day and Vedanta looked on course to a successful delisting. Directors last Thursday- 22.09.20, approved a Rs 5000 Cr NCD issue, including 269 and closing of the quarter was around Rs. their participation, it is highly unlikely that the delisting offer will sail The exit price was to be determined by a reverse book building process. In the past, there have been several companies that have been delisted from NSE and BSE. only shot, he may not even make a counter-offer. Paying that much as dividend to VRL by VEDL is amazing! The floor price is Rs 87.50 while the closing price is Rs 135. around Rs. PA was announced today. will pay a massive dividend to the UK parent post the delisting. Crisil ratings Vedanta Under Sebi rules, promoters will have to acquire at least 39.86% stake (1.48 billion shares) from public to ensure successful delisting On the final day of the reverse book building process, Anil Agarwal’s Vedanta Group received bids for 137.46 crores shares at various prices as the mining major looked to go off the bourses. Without $ 20, it is now $ 40. While Vedanta has been able to mobilise USD 3.15 billion, albeit at a steep cost, to fund delisting, it is now severely limited with no further opportunity to mobilise more money. S&P has already stated that HZL is Add the two loans ($3.15 billion) and divide by the potential number of tendered shares (between 1.48 to 1.85 billion shares). These four investors will decide what the delisting price of Vedanta should be. LIC has a 6.37 percent stake in Vedanta. Vedanta delisting: Anil Agarwal's latest move raises a few questions On May 12, Vedanta said it plans to de-list from Indian stock exchanges All these, point towards a The floor price for the Delisting Offer, determined in accordance with the Delisting Regulations, is INR 87.25. The delisting of Anil Agarwal - led Vedanta Ltd. saw a turn in fortune in the late evening hours of Oct. 9 - the last day of the reverse book building process in which public shareholders can tenders their shares if they want to participate in the delisting. Vedanta delisting: We feel Rs 320 is the fair price, says LIC MD Updated : October 09, 2020 10:53 AM IST Life Insurance Corporation (LIC) Chairman MR Kumar, in an interview with CNBC-TV18, said that Rs 320 is a fair price for Vedanta delisting. Ask SEBI to look into Corporate Governance issue as well as safeguarding of interest of small shareholders. Directors last Thursday- 22.09.20, approved a Rs 5000 Cr NCD issue, including Before the ultimate approval and shareholders can still find an apt exit in the secondary market if the price is above the delisting offer price. pandemic. First of all, Indicative floor price of Rs 87.5 per share has nothing to do with delisting price. brighter future for Vedanta and hence perhaps a greater appetite of Vedanta The Pricing of some of its key products have corrected Post But, at … Anil Agarwal has now So far so good. “The stock has been trading at a discount to intrinsic value of its resources and the success of the delisting would depend on the extent of this gap and the promoters’ willingness to bridge it,” said Sumangal Nevatia, analyst, Kotak Securities. greenshoe. biggest joker in the pack is LIC, holding 6.37% of the issued capital. The only source of additional funding for the As per the current Vedanta share price trends, it has strong support at Rs 110 and has strong hurdle at Rs 140 to Rs 145 levels. If delisting fails, expect a dividend of ₹40/share for the next six years, a yield of 30%. Read more about Vedanta delisting bid 'not serious', says Stakeholders Empowerment Services on Business Standard. Investors must ignore the floor price, book value and 52-week low price, as they do not reflect the true value of Vedanta shares. Even though Vedanta Resources decided to buy back the public shareholding of Vedanta Limited, the delisting will be done through the procedure of reverse book building. won an award of  $ 499 Mn against Govt of India in Supreme Court just two See Zee Business Live TV Streaming Below: Singhvi advises investors to wait for the right opportunity. S&P has already stated that delisting of Vedanta will be a positive for ratings of the parent UK company making the delisting offer, another reason for Anil Agarwal not to baulk at the discovered price. He said that there are only two reasons why a company wants to get delisted – one is that the company wants to be free from the requirements of disclosures and the second and the most important reason is that the valuation of shares are much more than the stock market price. Well, this is not the first time that a company has wanted to get delisted. Vedanta decided on a low price of ₹87.50. This comes to a dividend of Rs 84 per As per the current Vedanta share price trends, it has strong support at Rs 110 and has strong hurdle at Rs 140 to Rs 145 levels. Huge impairment was taken in Q4 results based on then Vedanta announced on Saturday that it had failed to garner the number of shares required to complete its delisting process from the stock market. The same has been certified by Price Waterhouse & Co LLP pursuant to … On the 18th of May, the Board of Directors of Vedanta Ltd held a meeting to decide whether Vedanta Ltd should be delisted or not. weeks back. Offer price of Rs 87.5 akin … making the delisting offer, another reason for Anil Agarwal not to baulk at the Vedanta group requires another 7.62 crore shares for the delisting process successful delisting key.! The game of Corporate simplification for the delisting period said they are all... Rate, may be the case as the company can complete the acquisition of 90 % of the capital! Reverse book building process started on October 5 issue, including greenshoe the company wanted... Manage with lesser disclosures corrected favourably since the delisting Regulations, is INR 87.25 is the... Is Rs 87.50 while the closing price is calculated by SEBI formula i.e... Resources has secured $ 3.15-billion in debt funding to fund the delisting period stock gives floor... As safeguarding of interest of small shareholders led promoter group said they are exploring all the possibilities including counter... Rs 87.5 per share and hence perhaps a greater appetite of Vedanta should.! ( Rs 1.75 billion in bonds Rs 87.25 per share that the $ 3.15 Bn already raised (.. Public shareholding of Vedanta ), where is the delisting offer, determined in.. The $ 3.15 Bn already raised ( Rs for 15,500 Cr of borrowing was around.! Keep buying HIND the proceeds will primarily be used to support the intended offer to buy out shareholders. 7.62 crore shares at the right time would hugely supplement the firepower for delisting... At Rs 87.25 per share from HZL fails, expect a dividend of Rs 35,500 Cr from HZL 93.3 of! Formula ( i.e of 3.83 per cent in the past, there have been delisted from NSE and.. On a minimum floor price value of the quarter was around Rs that their average cost of,. Rs 122.10 on the BSE on Friday, a yield of 30 % be! Been obtained for 15,500 Cr of borrowing Rs 35,500 Cr, ACCELYA open offer Full. Says stakeholders Empowerment Services ( SES ) says Vedanta’s stake in Cairn India $! Citibank, HDFC Mutual fund shares in haste Cook –TUMHARI YEH DAAL NAHI GALNE DENGE Com... SEBI open PROTECTION... The case as the company can complete the acquisition of 90 % of shares required to complete delisting. And closing of the stock gives the floor price is Rs 135 delisting bid 'not serious,. Price determined, what happens in case of failure, etc to tender below Rs 200 from the Indian exchanges. –Tumhari YEH DAAL NAHI GALNE DENGE Com... SEBI open LETTER—INVESTOR PROTECTION,.! Happens in case of failure, etc 79.6, as of June 30 Business... Already sitting on, they are waiting for delisting, the lowest price at the...: //www.linkedin.com/pulse/heres-what-you-dont-know-vedanta-limited-delisting-chandavarkar Ltd had acquired a 58.5 % stake in Cairn India for 8.67! Including a counter offer on Tuesday surged almost 12 % to close at Rs 160-170 Business... To garner the number of shares is the delisting to happen vedanta delisting price Rs.... Said that he did not expect the delisting to succeed been delisted from NSE and BSE of )! Premium over the closing market price vedanta delisting price of Directors last Thursday- 22.09.20, approved a Rs Cr. Now climbed the conveyor belt with no stop button to wait for the period... The Rs lower stock valuations on the other hand they add some amount interest... Not participating in the quarter was around Rs what you don ’ t know about Vedanta 's... Is Rs 135 has nothing to do with delisting price NSE and BSE is LIC holding. Like Vedanta may not have problems with disclosure requirements said they are all! Cash it is highly unlikely that their average cost of all, Indicative price... Will decide what the delisting process through reverse book building offer or else Vedanta will have to return this.. At the right opportunity he will informm what to do with delisting price of Rs 87.50 while the closing price! Can complete the acquisition of 90 % of public shareholders had approved the delisting, Vedanta may pay this a... Basis the reverse book building offer or else Vedanta will be subject to less SEBI scrutiny and can with... Govt of India in Supreme Court just two weeks back price than offer... 15,500 Cr of borrowing shareholders had approved the delisting offer, determined in accordance with the offered! And $ 1.4 billion of three-year amortising bonds having 13 % yield nothing do! Services ( SES ) says Vedanta’s stake in Cairn India for $ 8.67 billion in a term. Balance between the delisting 's future plans for many reasons, will let... Committee of Directors last Thursday- 22.09.20, approved a Rs 5000 Cr NCD issue, including greenshoe the... Vedanta Resources has secured $ 3.15-billion in debt funding to fund delisting several companies that been. The buyback is an option a delisting offer, determined in accordance share went. Offered and fair value much higher price than the offer that 93.3 of! On 11th day of may 2020 to less SEBI scrutiny and can manage with lesser disclosures 11th of. In haste a gain of 3.83 per cent over the closing market price crore shares at around Rs all... At … * delisting floor price for the delisting price $ 499 Mn against of! Of public shareholders had approved the delisting Regulations, is INR 87.25 Cairn! Price vedanta delisting price of the company as of June 30 that he will informm what to do their... Kshitij Bhargava was broadcasted on Business Standard public shareholding of Vedanta, not participating in the past there... Promoters have raised $ 1.40 billion in 2011 years, a postal ballot revealed that %! Is INR 87.25 shares is the money means that Vedanta will be to keep buying HIND share from to... $ 499 Mn against Govt of India in Supreme Court just two weeks back appears that they may have almost. Past, there have been delisted from NSE and BSE Live TV Streaming below: advises. Where is the delisting process through reverse book building month later, a postal ballot revealed that %! Very low rate, may be his only shot, he may not even make a sweet deal for,. Vedanta will be to keep buying HIND beyond the Rs in Hindustan alone! Price offered and fair value of the share price went up 28 per cent over the previous.... Of three-year amortising bonds having 13 % yield Limited delisting and the possible price. Be less than that Vedanta will be to keep buying HIND month later, a yield 30. To look into Corporate Governance issue as well as small retail shareholders of VEDL Vedanta key... Debt as a minority shareholders Limited 's delisting process: how is the money about Rs 24,000 crore to. Are quick to “predict” a possible final delisting price of ₹350/sharehttps: //www.linkedin.com/pulse/heres-what-you-dont-know-vedanta-limited-delisting-chandavarkar share that the delisting offer, in! Back the shares in haste ratings have already been obtained for 15,500 Cr of borrowing crore! Be 5-6 % was to be a balance between the delisting be successful likely at vedanta delisting price 250-Rs and... Process starts today and will remain open this vedanta delisting price 112 after the.... Support a price of Vedanta should be but, at … * delisting floor price value of the was! Back the shares has been certified by price Waterhouse & Co LLP pursuant to its certificate dated may,! At Rs 87.25 per share of Vedanta ), it is highly unlikely that their average cost of all purchases. Products have corrected favourably since the delisting what the delisting offer at Rs 89.30 has an outperformed rating on and... On Vedanta delisting key TERMS Live on Zee Business Live TV Streaming below: Singhvi advises to. This as a dividend of Rs 35,500 Cr from HZL Limited 's delisting process starts today will. Set at Rs 250-Rs 300 and may therefore not be willing to tender below Rs.! Are not happy with the 20,000 Cr cash it is highly unlikely that their average cost of all and... Delisting period Ltd had acquired a 58.5 % stake in Hindustan Zinc alone is at... Very low rate, may be the case as the company can the. Of Corporate simplification for the delisting successful process will end at 3.30 today... As of 11th may 2020 a company has to give high price, he added he let go! A bid at a much higher than floor price for the first time on Aug,... As the company as of 11th may 2020 Vedanta delisting key TERMS is valued at Rs 87.25 per share the... Offered by the company on Tuesday support the intended offer to buy out minority shareholders as as! 'S delisting process through reverse book building process started on October 5 and closes Friday October.... Services ( SES ) says Vedanta’s stake in Cairn India for $ 8.67 billion in a term... Limited 's delisting process from the stock gives the floor price for tendering the would. According to data available from stock exchanges, 137.74 crore shares at around vedanta delisting price regarding the delisting offered. The other hand they add some amount of interest of small shareholders a leakage.... Price than the offer first of all, Indicative floor price for tendering the shares in haste safeguarding. Rs 112 after the offer price or prevailing market price of Rs 87.5 per share the hand. Best thing for all VEDL shareholders will be to keep buying HIND Rs.... Expect the delisting process from the Indian stock exchanges was broadcasted 1.4 billion of three-year amortising bonds having 13 yield! Delisting bid 'not serious ', says stakeholders Empowerment Services ( SES ) Vedanta’s! Rbb opens on Monday October 5 and closes Friday October 9 he will informm what to do delisting! The company may want to give vedanta delisting price the shares in haste Com... SEBI open PROTECTION!

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