The total number of shares tendered by Vedanta Ltd's public shareholders fell 7 per cent short of the mandatory minimum 90 per cent for successful delisting.
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The company said the record date for the purpose of determining the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as Saturday, October 31, 2020
Government support for exports will provide Indian aluminium producers a level playing field vis-a-vis global suppliers, says Ajay Kapur, CEO-Aluminium and Power, Vedanta
This stems from increase in refinancing risk and large funding needs at holding company level, following firm's failure to delist Vedanta Ltd
The failure of Vedanta's delisting plan is unlikely to discourage him to make his empire asset-light
Officials said the assumption that Vedanta's delisting would have been successful at a price of Rs 140 was "completely misplaced
Vedanta Resources Ltd will repay $1.4 billion raised via bonds and another $1.1 billion in loans, with a small amount of interest, as early as this week
The failed delisting of the mining-to-electricity conglomerate is not the first time attempts to restructure Anil Aggarwal's opaque empire have been controversial
Listen to the podcast to know about Vedanta's failed delisting plan, what lies ahead for the company, and what should be the investors' strategy
Market experts say the stock had seen good gains in the past two months and touched Rs 140 levels in expectation of the delisting going through at Rs 170-plus per share
Regulator to probe various aspects of failed deal, including placement of 120 mn unconfirmed bids
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The promoter and management committee of Vedanta are scheduled to meet today to discuss the next course of action after the failed delisting attempt.
Debt restructuring, proposal to approach Sebi for extension could be points of meeting agenda
Vedanta promoters wanted to buy out 169.73 crore shares or 47.67 per cent stake held by the public to delist the firm
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brokerage published a report downgrading the stock from 'hold' to 'reduce' citing reduced book value approved by Sebi
Promoter group wants an exit price of less than Rs 170 per share, but large institutional shareholders are keen on getting more
The bid for Vedanta's delisting offer opened on Monday, October 5, while the bid closes on Friday, October 9, 2020