Page 3 - Delisting
Vedanta tanks 15% on heavy volume; logs sharpest intra-day fall since March
The bid for Vedanta's delisting offer opened on Monday, October 5, while the bid closes on Friday, October 9, 2020
 "Vedanta tanks 15% on heavy volume; logs sharpest intra-day fall since March")
Sebi eases delisting for listed subsidiaries, grants exemption from RBB
Move will help simplify restructuring process for large groups
 "Sebi eases delisting for listed subsidiaries, grants exemption from RBB")
IT firm Hexaware Technologies to offer Rs 475 per share for delisting
The bid process for the delisting offer - where the promoters were offering a floor price of Rs 264.97 per share - had started on September 9 and closed on September 16
 "IT firm Hexaware Technologies to offer Rs 475 per share for delisting")
Hexaware Technologies hits 52-week high ahead of closure of delisting offer
The stock hit a 52-week high of Rs 446.70 in the intra-day trade today, after surging 40 per cent in the past three months, as compared to 17 per cent rise in the S&P BSE Sensex
 "Hexaware Technologies hits 52-week high ahead of closure of delisting offer")
Allcargo shares shed nearly 4% as delisting floor price disappoints
The company on Saturday announced that its promoters have set the floor price at Rs 92.58, which is 19% lower than the firm's last closing price of Rs 114.5 on Monday
 "Allcargo shares shed nearly 4% as delisting floor price disappoints")
Vedanta: Delisting price may be significantly higher, say analysts
Improving fundamentals suggest promoters of the base metals major may need to pay more; reverse book-building holds key for price discovery
 "Vedanta: Delisting price may be significantly higher, say analysts")
Baring PE Asia preparing for India's largest leveraged buyout loan: Report
The loan will be used for the delisting of Hexaware and for repaying bonds for Baring's shareholding vehicle, HT Global IT Solutions Holdings
 "Baring PE Asia preparing for India's largest leveraged buyout loan: Report")
Unsuccessful delisting bids: Euphoric investors get a reality check
INEOS is the latest to see stock tank after failed move
 "Unsuccessful delisting bids: Euphoric investors get a reality check")
Jaypee Infratech delisting: Shareholders move NCLAT, seek fair exit price
The shareholders have also requested the NCLAT to pass a direction to the stock exchanges BSE and NSE not to delist the share of Jaypee Infratech till they are adequately compensated
 "Jaypee Infratech delisting: Shareholders move NCLAT, seek fair exit price")
China to delist record number of firms to ensure 'survival of the fittest'
China has introduced a US-style system to make listing easier for Shenzhen's start-up board ChiNext. The system was first adopted by Shanghai's tech-focused STAR Market
 "China to delist record number of firms to ensure 'survival of the fittest'")
NSE removes Vedanta from its indices ahead of possible delisting
The stock will be replaced by HDFC Life Insurance Company with effect from July 31. It will be replaced by SBI Cards in the Nifty 100 and Nifty 500 indices
 "NSE removes Vedanta from its indices ahead of possible delisting")
Delisting spree: Investors in India betting on which companies will be next
In the last two months, the majority owners of Vedanta, Adani Power, and Hexaware Technologies have proposed buying out all publicly traded shares amid the coronavirus-induced sell-off in stocks
 "Delisting spree: Investors in India betting on which companies will be next")
Vedanta moves closer to going private, gets shareholder nod for delisting
Nearly 85 per cent of institutional public shareholders and 75 per cent of non-institutional shareholders voted in favour of the proposal.
 "Vedanta moves closer to going private, gets shareholder nod for delisting")
After Vedanta, Adani Power to go for delisting; board meet on June 3
The conglomerate has so far maintained a strategy to incubate a business and monetize it through public listing at a later stage.
 "After Vedanta, Adani Power to go for delisting; board meet on June 3")
When firm delists amid Covid-19: Independent directors face testing times
Regulator must empower them to protect interests of minority shareholders, say experts
 "When firm delists amid Covid-19: Independent directors face testing times")
Street signs: More companies could delist, RIL's rights issue, and more
Delisting of companies could gain traction with some promoters eyeing to wrestle full control, taking advantage of the drop in share prices triggered by the Covid-19 pandemic
 "Street signs: More companies could delist, RIL's rights issue, and more")
Vedanta, United Spirits: Why are firms opting to delist in the current mkt?
If the trading volumes shrink and the market is failing to reflect the true value of the counter in the price, the listed entity may find it to be very difficult to raise equity capital, analysts say.
 "Vedanta, United Spirits: Why are firms opting to delist in the current mkt?")
Vedanta board okays delisting plan; floor price per share unfair, says IiAS
Proposal by way of special resolution through postal ballot and e-voting, and in this regard the draft of the postal ballot notice and the explanatory statement thereto were also approved
Delisting of subsidiary to boost Vedanta Resources' financial profile: S&P
Vedanta Resources has proposed to buy out public shareholders in Vedanta Ltd
Fix the complexity in takeovers and delisting
If we do not make M&A execution simple and logical, capital - Indian and foreign - would seek out jurisdictions that do not entail such complication
