It will reach price offered by LIC in delisting that is 325. The remaining shareholders will have up to one year to tender their shares at exit prices or new offers by the promoter. Vedanta Ltd.’s delisting offer is deemed to have failed as per terms of the delisting regulations, the company said in an exchange filing. The company fixed the indicative price at Rs 87.50, at a 2 per cent discount to its Tuesday's closing price of Rs 89.30. How investors will see it and what impact will the development have on the price of Vedanta stocks is a question everybody wants to know about. In 2018, he delisted Vedanta Resources from London Stock Exchange. Vikas Jain, Senior Research Analyst at Reliance Securities said that the floor price determined is at a steep discount to the current market price and as it is through reverse book building, investors should bid the shares at 20-25 percent higher from the current price as it will be difficult to achieve at the desired offered price mentioned. Highlights for the quarter Hindustan Zinc Limited, the leading global integrated producer of zinc, lead and silver, reported its results for the second quarter and half year ended September 30, 2020. s/o to all fellow investors that survied the journey in the past year. Farmers' Protest News LIVE Updates: We're committed to farmers' welfare, says Agriculture Minister Narendra Singh Tomar, Fundamental, Stock Ideas, Multibaggers & Insights, Stock & Index F&O Trading Calls & Market Analysis, Positional and Intraday Trading Calls basis Noiseless Chart, Commodity Trading Calls & Market Analysis, Currency Derivatives Trading Calls & Insights, Options Trading Advice and Market Analysis, Model portfolios, Investment Ideas, Guru Screens and Much More, Proprietary system driven Rule Based Trading calls, Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas, Details stock report and investment recommendation. SA News Wed, Nov. 18, 2020 1 Comment Vedanta Ltd (VEDL) CEO Sunil Duggal on Q2 2021 Results - Earnings Call Transcript SA Transcripts Sat, Nov. 07, 2020 1 Comment All Buyback, Takeover and Delisting orders will be accepted online through Console only. Vedanta Ltd. has begun the process of a voluntary delisting of its shares from the public exchange, with the promoter group planning to buy out the remaining ~49% of non-promoter shares it doesn’t currently own. The remaining shareholders will have up to one year to tender their shares at exit prices or new offers by the promoter. As per BSE data, a total 1,69,73,90,047 shares held by public shareholders are there for tendering, out of which, 134 crore shares should be tendered for the delisting process to take place. Use Notebook to save your investment ideas in one convenient, private, and secure place. Before investing, you should read the prospectus, offering circular, indenture, or similar document carefully for a full description of the product, including its features and risks, to determine whether it is an appropriate investment for your investment objectives, risk tolerance, financial situation and other individual factors, and be sure to re-evaluate those factors on a periodic basis. 81% Upvoted. MUMBAI, India, Dec. 15, 2020 Vedanta Limited's Form 20-F containing its audited consolidated financial statements under International Financial Reporting Standards, for the year ended March 31, 2020 has been filed with the Securities and Exchange Commission and is available on the Company's website https://www.vedantalimited.com. 6:22 AM ET 12/15/2020, PR Newswire – Fidelity is not recommending or endorsing this security by making it available to customers. Join us at ‘The Sustainability 100+ Dialogues 2021’ as Network18 and AB InBev bring together India's sharpest minds to shape a better world on Jan 11th 2021. Vedanta Ltd. has begun the process of a voluntary delisting of its shares from the public exchange, with the promoter group planning to buy out the remaining ~49% of non-promoter shares it doesn’t currently own. The floor price for delisting has been set at ₹ 87.50. Analysts and brokerages highlight that the tepid share tendering by public shareholders may be due to the fact that the offer price is well below the fair price while the company has good growth prospects in the coming quarters. Log in for real time quote. VEDL is finally heading towards north! A delisting plan for Vedanta Ltd. (VEDL) by its major shareholders has failed, the Indian mining company said Saturday. The acquirers, Vedanta Resources Ltd. and its affiliates, failed to attract enough shares to proceed with the delisting plan and will not buy any shares tendered by the public shareholders, Vedanta Ltd. ( VEDL ) said. But now, after almost 5 months, its delisting offer has failed. indicative vedl, vedl, price, vedanta delisting … Get a sense of people's overall feelings towards a company in social media with this summary tool. Improving fundamentals suggest promoters of the base metals major may need to pay more; reverse book-building holds key for price discovery 128 per Share that the $ 3.15 Bn indicates. Put simply, the majority owner of the company has made an offer to buy the company back from all other shareholders. In this Video we will be discussing about Vedl Delisting News and how we can take decision for a profitable bet from this News. Yash Gupta, Equity Research Associate, Angel Broking, believes that it would be prudent for retail shareholders to participate in the reverse book building process. Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not that of the website or its management. Vedanta Resources and promoter group companies have moved a proposal to delist Vedanta Ltd from the Indian stock exchanges, it has said in an exchange filing. Sharma's current fair value estimate for the stock is Rs 156. VEDL - The plan is to hang on to the shares, sell if it goes above average or apply the vice grips until it does. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. The trend of companies looking to delist from the bourses appears to be picking up. The company will remain listed, it said. The recent recovery in metal prices gives a better picture of Q2FY21 result for the company," KRChoksey said. The changes shall … Hence, we think shareholders should offer their shares at least 1.9 times the floor price fixed by the company," said KRChoksey. 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Save time on research by getting an overall assessment of a company's valuation, quality, growth stability, and financial health. Former legislator says 11 of the 19 MLAs could leave party soon, Webinar Presented by Knowlarity & Freshworks. The delisting will now happen at a higher price, Khandelwal said quoting sources Get more Companies News and Business News … share. 172@29@17@101!~!172@29@0@53!~!|news|business|stocks|vedanta-delisting-offer-sees-tepid-response-at-what-price-should-you-tender-shares-5941311.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false, Vedanta Resources raises stake in India unit to 55.1%, Vedanta shares surge 13% to hit 52-week high, Vedanta’s Anil Agarwal partners with Centricus to invest $10 billion in PSUs acquisition: Report, Coronavirus News LIVE Updates: Second dry run to take place on January 8 in all districts of the country, Nirav Modi's sister, brother-in-law turn approver in PNB scam case, Trouble for Congress in Bihar? now we are ready for payday. Allows VEDL’s public shareholders to realise immediate and 100% cash value, amid volatile and uncertain markets If the shareholders do not approve the Delisting Proposal, they would not be able to avail of the option to sell their shares as part of the delisting process via a reverse book building process It will reach price offered by LIC in delisting that is 325. Quotes delayed at least 15 min. Future Wise | What happens to your study abroad plans in 2021? 13. 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. 200. As with all your investments through Fidelity, you must make your own determination whether an investment is appropriate for you. Click the portfolio icon to get information about stocks you own without leaving the research page. KRChoksey underscored that taking into consideration the prospects that the company has to offer in the future with the completion of the expansion in Zinc capacity, cost reduction in aluminum and ramp-up in the oil and gas segment, the company holds good prospects in earnings growth from FY22 onwards. 9:48 AM ET 10/20/2020, DJ Business News – Vineeta Sharma, Head of Research, Narnolia Financial Advisors highlighted that the indicative floor price of Vedanta de-listing is way below its fair value and also much below its current market price. Will be discussing about VEDL delisting proposal given to SEBI, offer is. A price they would like the shares to be delisted at stock exchanges party soon, Webinar by! Decision for a better experience in an otherwise strong market on Wednesday '' KRChoksey said to! They would like the shares to be picking up earnings expectations over the past year new.: Vedanta Ltd has opened the reverse book building process for public shareholders so far and. 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