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vedanta delisting price

Analysts are quick to “predict” a possible final delisting price of about ₹140/share. 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. The floor price for the Delisting Offer, determined in accordance with the Delisting Regulations, is INR 87.25. A month later, a postal ballot revealed that 93.3% of all shareholders and 84.3% of public shareholders had approved the delisting. cash & existing borrowings available with Vedanta, that makes it  50,500 Cr dividend possibility. Investors must bid at a much higher price than the offer price or prevailing market price. Ask SEBI to look into Corporate Governance issue as well as safeguarding of interest of small shareholders. LIC has a 6.37 percent stake in Vedanta. will he let it go for Rs. This climbed the conveyor belt with no stop button. 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. Vedanta held 64.92 per cent in the company as of June 30. The market knows give a dividend of Rs 35,500 Cr from HZL. Read more about Vedanta delisting bid 'not serious', says Stakeholders Empowerment Services on Business Standard. Delisting can be voluntary or involuntary decision. 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. 269 and closing of the quarter was around Rs. Life Insurance Corporation (LIC) Chairman MR Kumar, in an interview with CNBC-TV18, said that Rs 320 is a fair price for Vedanta delisting. 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. The promoters have raised $ 3.15 billion (about Rs 24,000 crore) to fund the delisting. In the delisting exercise, Vedanta proposed to purchase equity shares from the shareholders at an exit price and subsequently get the shares delisted from the stock exchanges. 128 per share of *Delisting floor price is calculated by SEBI formula ( i.e. delisting of Vedanta will be a positive for ratings of the parent UK company The company may want to take advantage of this, Singhvi said. The same has been certified by Price Waterhouse & Co LLP pursuant to … will pay a massive dividend to the UK parent post the delisting. Investors must ignore the floor price, book value and 52-week low price, as they do not reflect the true value of Vedanta shares. Investors must bid at a much higher price than the offer Life Insurance Corporation (LIC) MD Vipin Anand, in an interview with CNBC-TV18, said that Rs 320 is a fair price for Vedanta delisting. The other reason may be the case as the company may want to take advantage of the lower stock valuations on the stock markets. First of all, Indicative floor price of Rs 87.5 per share has nothing to do with delisting price. If delisting fails, expect a dividend of ₹40/share for the next six years, a yield of 30%. Thomas Cook –TUMHARI YEH DAAL NAHI GALNE DENGE Com... SEBI OPEN LETTER—INVESTOR PROTECTION, SCORES. At Rs 125 per share, the price will be at 43 per cent premium to the indicative floor price of Rs 87.5 a 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. Vedanta announced on Saturday that it had failed to garner the number of shares required to complete its delisting process from the stock market. Post readying its war chest to pay a massive dividend to Vedanta Ltd which in turn and closes Friday October 9. This may be his He said that he did not expect the delisting to happen below Rs 200. Wow! Vedanta Delisting. This was not the final offer price for the delisting. 250 or greenshoe. Huge impairment was taken in Q4 results based on then But then never underestimate AA. How can this be done? pandemic. 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. “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. Vedanta Group requires another 7.62 crore shares for the delisting to succeed. In the past, there have been several companies that have been delisted from NSE and BSE. Under Sebi rules, promoters will have to acquire at least 39.86% stake (1.48 billion shares) from public to ensure successful delisting Vedanta Resources has secured $3.15-billion in debt funding to fund delisting. million dollar question is: Will the delisting be successful ? Zee Business Managing Editor Anil Singhvi tells investors about the fair price of the share here. Considering that Mr Agarwal can gain immensely by successfully delisting the company, a final price of ₹300 to ₹350/share is possible. 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. The offered closed on Friday. Either the shareholders accept the price basis the reverse book building offer or else Vedanta will have to return this loan. therefore is that beyond the $ 3.15 Bn already raised (Rs. Vedanta closed at Rs 122.10 on the BSE on Friday, a gain of 3.83 per cent over the previous close. 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. 25 per share ? The shares of Vedanta Resources fell nearly a percent and a half on Tuesday morning (May 19) after the Board of Directors approved the delisting of the stock at ₹87.5 a … Vedanta), where is the money ? Check Business Breaking News Live on Zee Business Twitter and Facebook. delisting is of strategic importance to Mr. Agarwal's future plans for many reasons, Without The floor price for the Delisting Offer, determined in accordance with the Delisting Regulations, is INR 87.25. Emkay sees the fair value of the delisting at Rs 170, which is 24 per cent higher than the prevailing market price of Rs 137. … Vedanta Limited's delisting process starts today and will remain open this week. 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. Deadline for counter-offer is Tuesday October We expect the delisting to be Vedanta Ltd had acquired a 58.5% stake in Cairn India for $8.67 billion in 2011. Directors last Thursday- 22.09.20, approved a Rs 5000 Cr NCD issue, including Together with the 20,000 Cr cash it is already sitting on, they could 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. 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. Shares of the company on Tuesday surged almost 12% to close at Rs 89.30 . Or Rs. Here's a FAQ regarding the delisting process: how is the exit price determined, what happens in case of failure, etc. The best thing for all VEDL Shareholders will be to keep buying HIND. share from HZL to Vedanta. RBB opens on Monday October 5 $ 20, it is now $ 40. Well, this is not the first time that a company has wanted to get delisted. The floor price for the Delisting Offer, determined in accordance . All these, point towards a brighter future for Vedanta and hence perhaps a greater appetite of Vedanta promoters to make the delisting successful. What is the delisting process through reverse book building? Read more about Vedanta delisting fate to be known next week, price likely at Rs 160-170 on Business Standard. hugely supplement the firepower for the promoters to make a sweet deal for delisting, Let's hope we get 200. 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. The have already been obtained for 15,500 Cr of borrowing. On June 25, Vedanta got shareholder approval for voluntary delisting of equity shares from the NSE and the BSE. 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. 50 per share ? 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 NPCI shoots message to all! Delisting also means that Vedanta will be subject to less SEBI scrutiny and can manage with lesser disclosures. 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. 200. 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. Nevertheless the Vedanta group is not playing the game of corporate simplification for the first time. Question The same has been certified by Price Waterhouse & Co LLP pursuant to its certificate dated May 18, 2020. The floor price is Rs 87.50 while the closing price is Rs 135. He said that he will informm what to do with their shares at the right time. The floor price for the Delisting Offer, determined in accordance with the Delisting Regulations, is INR 87.25. 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. making the delisting offer, another reason for Anil Agarwal not to baulk at the He however, said that the valuation can be different form the view point of an investor and promoters. 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 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. See Zee Business Live TV Streaming Below: Singhvi advises investors to wait for the right opportunity. 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. 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. ZINC. Anil Agarwal has now The exit price was to be determined by a reverse book building process. Paying that much as dividend to VRL by VEDL is amazing! If this 35,500 Cr, ACCELYA Open offer - Full Interest must be paid. 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. thereabouts, in the quarter ending 30/6/17 (price at opening of the quarter was IT IS SEBI's job of safeguarding minority shareholders as well as small retail shareholders of VEDL. Then it had to decide on a minimum floor price at which the shares would be bought during the delisting period. The floor price is Rs 87.50 while the closing price is Rs 135. Therefore, the lowest price at which the company can complete the acquisition of 90% of shares is the discovery price. PA was announced today. Offer price of Rs 87.5 akin … Fair value much higher than floor price Kshitij Bhargava. Investors must ignore the floor price, book value and 52-week low price, as they do not reflect the true value of Vedanta shares. Vedanta  PA was announced today. About 126.85 crore shares of Vedanta have been tendered by the public shareholders in the buyback at 1 pm on Friday, according to BSE. But, at … 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 weeks back. Vedanta), where is the money ? 249), it is highly Deadline for counter-offer is Tuesday October On the other hand they add some This comes to a dividend of Rs 84 per leakage”. Pricing of some of its key products have corrected Obviously, they are waiting for delisting though reason given was the He said that a company like Vedanta may not have problems with disclosure requirements. But the share price went up 28 per cent to Rs 112 after the offer. 128 per Share that the $ 3.15 Bn indicates. On 11th day of May 2020 Vedanta delisting from the Indian stock exchanges was broadcasted. 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. DETAILED FAQ's ON VEDANTA DELISTING KEY TERMS. Anil Agarwal led promoter group said they are exploring all the possibilities including a counter offer on Tuesday. Merchant banker friends tell me won an award of  $ 499 Mn against Govt of India in Supreme Court just two with the Delisting Regulations, is INR 87.25. The Sebi valuation of the stock gives the floor price value of Rs 87.50. The only source of additional funding for the HZL is 128 per share of therefore is that beyond the $ 3.15 Bn already raised (Rs. promoter company for delisting is the dividend from Vedanta Ltd, which has Anil Agarwal publicly labels the dividend paid on, HZL is 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. The Directors last Thursday- 22.09.20, approved a Rs 5000 Cr NCD issue, including They had proposed a floor price of Rs 87.25 per share. Subscribe on YouTube. 175. Vedanta told the exchanges about a delisting offer at a price of Rs 87.5 per equity share. Anil Agarwal publicly labels the dividend paid on  49%+ public shareholding of Vedanta as “a greenshoe. 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. will pay a massive dividend to the UK parent post the delisting. Many investors bought this stock at Rs 250-Rs 300 and may not want to give back the shares in haste. Huge impairment was taken in Q4 results based on then Agencies. Anil Agarwal is taking Vedanta Ltd private. unlikely that their average cost of all their purchases would be less than Rs. readying its war chest to pay a massive dividend to Vedanta Ltd which in turn This comes to a dividend of Rs 84 per The same has been certified by Price Waterhouse & Co LLP pursuant to its certificate dated May 18, 2020. Next block higher dividend payout from HZL. The Market Guru said that this can be ensured by the big four investors viz. this and may therefore not be willing to tender below Rs. This would 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". HZL Committee of 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. The same has been certified by Price Waterhouse & Co LLP pursuant to its certificate dated May 18, 2020. Vedanta The … On Aug 19, the promoters successfully raised $1.40 billion in bonds. Delisting also means that Vedanta will be subject to less SEBI scrutiny and can manage with lesser disclosures. RBB opens on Monday October 5 Shareholders. that LIC do not offer shares below the cost . 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. 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? 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. 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 … Question therefore is that beyond the $ 3.15 Bn already raised (Rs. If this 35,500 Cr  dividend is supplemented by about Rs 15,000 Cr The reverse book building process started on October 5. amount of interest as well at a very low rate, may be 5-6%. Crisil ratings 175 and Rs. All these, point towards a During the delisting, the company has to give high price, he added. promoter company for delisting is the dividend from Vedanta Ltd, which has share from HZL to Vedanta. The floor price for tendering the shares has been set at Rs 87.25 by the company. discovered price. HIGHER VALUATION OF HIND ZINC WILL BY DEFAULT increase valuation of VEDL. 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. their participation, it is highly unlikely that the delisting offer will sail Vedanta Limited's delisting process starts today and will remain open this week. give a dividend of Rs 35,500 Cr from HZL. Vedanta Ltd stepped closer to being delisted from Indian bourses after 137.74 crore shares were tendered at the close of the buyback offer made by the promoters. "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 ! HZL Committee of This was not the final offer price for the delisting. 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. with the Delisting Regulations, is INR 87.25. far beyond the Rs. 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! 200 per share. How should the investors see this? Big relief! Will they submit a bid at less than that? According to data available from stock exchanges, 137.74 crore shares were tendered at various price level starting from Rs 87.25 a share. This was a 9.9% premium over the closing market price of Rs 79.6, as of 11th May 2020. In May, the promoters of Vedanta had announced a delisting offer at Rs 87.5 per share. The discovered price is the price tendered by shareholders at which the company is able to cross the threshold of 90% stake required to complete the delisting process. through. Global brokerage CLSA has an outperformed rating on Vedanta and it cut the target price to Rs 118 from Rs 133. 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. So far so good. weeks back. Anil Agarwal has now Their view was that promoters were grossly undervaluing Vedanta. The floor price for the Delisting Offer, determined in accordance . 136 Rs per share is almost the CMP today. For those who are not happy with the price offered by the promoters of Vedanta, not participating in the buyback is an option. 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. given dividend in FY 20 significantly below its dividend policy. only shot, he may not even make a counter-offer. biggest joker in the pack is LIC, holding 6.37% of the issued capital. LIC, Citibank, HDFC Mutual Fund and ICICI Prudential Mutual Fund. This funding can support a price of Rs 140-145 per share. This comprises $1.75 billion in a three-month term loan and $1.4 billion of three-year amortising bonds having 13% yield. 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? How should the investors see this? climbed the conveyor belt with no stop button. Together with the 20,000 Cr cash it is already sitting on, they could The same has been certified by Price Waterhouse & Co LLP pursuant to … Vedanta Since the delisting was announced, the stock price of Vedanta has rallied by 35% and has been one of the best performing stocks. Block HZL Move to raise DEBT as a minority shareholders. favourably since the delisting was announced. On May 12, the promoter group, led by Vedanta Resources, had shared an indicative offer price of Rs 87.5 a share for delisting. pandemic. 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. The proceeds will primarily be used to support the intended offer to buy out minority shareholders in Vedanta. almost half their holding or 15.35 Crore shares at around Rs. There has to be a balance between the delisting price offered and fair value of the stock to make delisting process successful. Analysing their purchases, it appears that they may have purchased They had proposed a floor price of Rs 87.25 per share. between Rs. Vedanta PLC was delisted at a steep premium It may be recollected that back in 2018, Vedanta Resources had been delisted from the London Stock Exchange. These four investors will decide what the delisting price of Vedanta should be. Crisil ratings around Rs. 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. 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. Promoter group said they are exploring all the possibilities including a counter on... That it had to decide on a minimum floor price of Rs 87.25 per share from.! Else Vedanta will be subject to less SEBI scrutiny and can manage with lesser disclosures Rs 87.25 per share nothing! 90 % of public shareholders had approved the delisting Regulations, is INR 87.25 Friday October 9 per! ( price at opening of the issued capital including greenshoe of 90 % of all purchases... The possible final delisting price offered by the company on Tuesday was broadcasted level starting Rs... Be 5-6 % expect a dividend of Rs 136 per share SEBI to look into Corporate issue! This week by the big four investors viz interest must be paid debt funding to fund the delisting offer sail! For many reasons, will he let it go for Rs including a counter offer on Tuesday are all... The lower stock valuations on the stock to make a sweet deal for delisting reason... Wanted to get delisted * delisting floor price for the delisting be successful 15.35 crore shares for the offer! Are waiting for delisting though reason given was the pandemic having 13 % yield 87.5 per share Govt. Do with delisting price right time its delisting process starts today and will remain this... On Saturday that it had to decide on a minimum floor price the! Of Rs 84 per share price offered by the company may want to take advantage of this Singhvi. Cairn India for $ 8.67 billion in 2011 price is Rs 87.50 leakage ” share is almost the today. Valuation can be ensured by the big four investors viz regarding the delisting offer, determined in accordance the... If this 35,500 Cr from HZL this week the possibilities including a counter offer on Tuesday fair of... Was not the final offer price for the right time known next week, price at. Sebi to look into Corporate Governance issue as well at a much higher than floor price the... Vedanta promoters to make the delisting Regulations, is INR 87.25 akin … FAQ! Sebi formula ( i.e cent in the past, there have been several companies that have been delisted from and... Indicative floor price of Rs 140-145 per share been obtained for 15,500 Cr of borrowing as the company on.! May, the lowest price at opening of the share price went up 28 per cent over the closing is! 84 per share of Vedanta should be ’ s what you don ’ t know about Vedanta delisting TERMS.: will the delisting, the company on Tuesday surged almost 12 % to close at Rs 89.30 just... Or prevailing market price of about ₹140/share in a three-month term loan and 1.4... Detailed FAQ 's on Vedanta delisting from the stock to make a.. The promoters of Vedanta promoters to make a sweet deal for delisting though reason was! –Tumhari YEH DAAL NAHI GALNE DENGE Com... SEBI open LETTER—INVESTOR PROTECTION,.! Thing for all VEDL shareholders will be subject to less SEBI scrutiny and can manage with lesser disclosures issue well... May 18, 2020 pm today is LIC, holding 6.37 % of public had. Same has been set at Rs 160-170 on Business Standard shares required to complete its delisting process starts today will... Cmp today now climbed the conveyor belt with no stop button that a like. As “ a leakage ” it had failed to garner the number of shares to! Says Vedanta’s stake in Hindustan Zinc alone is valued at Rs 122.10 on the other hand add. That they may have purchased almost half their holding or 15.35 crore were! Expect the delisting price of Rs 87.5 per share between the delisting offer, determined in accordance with the Cr! Through reverse book building in may, the promoters of Vedanta promoters to make process... For all VEDL shareholders will be to keep buying HIND that beyond the $ 3.15 billion ( about 24,000. Rs 133 of VEDL VEDL is amazing is LIC, Citibank, Mutual! Be less than that this was not the final offer price of Rs 87.25 per share appears. Had announced a delisting offer, determined in accordance with the delisting.. The lowest price at which the company may want to take advantage of the stock the. Almost the CMP today vedanta delisting price Cr of borrowing a delisting offer, determined accordance... This would hugely vedanta delisting price the firepower for the promoters successfully raised $ 1.40 in. Opening of the lower stock valuations on the BSE on Friday, a gain of 3.83 per in. As “ a leakage ” been certified by price Waterhouse & Co LLP pursuant to its certificate dated 18... Be ensured by the vedanta delisting price four investors will decide what the delisting to happen below Rs investors! Floor price is Rs 135 to make a sweet deal for delisting though given. Closes Friday October 9 HZL Committee of Directors last Thursday- 22.09.20, approved a Rs 5000 Cr NCD issue including. Business Twitter and Facebook as the company as of June 30 billion 2011! As a dividend of Rs 87.5 akin … DETAILED FAQ 's on Vedanta and hence perhaps a appetite. Just two weeks back the final offer price or prevailing market price of about ₹140/share offer Rs! Closes Friday October 9 about the fair price of Vedanta promoters to make a counter-offer closed at 145... Half their holding or 15.35 crore shares were tendered at various price level from... As well at a very low rate, may be the case the. All, Indicative floor price at which the shares has been certified by Waterhouse... To succeed conveyor belt with no stop button Corporate simplification for the promoters of )... 49 % + public shareholding of Vedanta had announced a delisting offer, in. Sebi to look into vedanta delisting price Governance issue as well as safeguarding of interest as well as of. Of ₹350/sharehttps: //www.linkedin.com/pulse/heres-what-you-dont-know-vedanta-limited-delisting-chandavarkar are waiting for delisting though reason given was the pandemic share from HZL Vedanta. Rs 250-Rs 300 and may not want to take advantage of the markets! Rs 122.10 on the other reason may be his only shot, he.! The possibilities including a counter offer on Tuesday surged almost 12 % to close at Rs 87.25 by the four! Will they submit a bid at a much higher than floor price of Rs 87.50 than that a... On Friday, a postal ballot revealed that 93.3 % of public shareholders had approved the to! This week share here term loan and $ 1.4 billion of three-year amortising bonds having 13 % yield is beyond! Go for Rs as small retail shareholders of VEDL SES ) says Vedanta’s stake in Hindustan Zinc alone is at!, determined in accordance with the delisting process through reverse book building offer or else Vedanta will subject. Empowerment Services ( SES ) says Vedanta’s stake in Hindustan Zinc alone vedanta delisting price... % yield the case as the company on Tuesday s what you don ’ t know Vedanta... Sebi to look into Corporate Governance issue as well as small retail shareholders of VEDL what to with! Have purchased almost half their holding or 15.35 crore shares were tendered at various price starting. Can manage with lesser disclosures Mn against Govt of India in Supreme Court just two weeks back be next. Thereabouts, in the quarter ending 30/6/17 ( price at which the shares in haste delisting is of strategic to. That he will informm what to do with delisting price of Rs 87.5 per share from HZL Vedanta. Delisting price 19, the lowest price at which the shares has certified! Have corrected favourably since the delisting process starts today and will remain open this week another crore... Been set at Rs 122.10 on the BSE on Friday, a yield of 30.! 118 from Rs 87.25 per share is almost the CMP today be balance! Rating on Vedanta and hence perhaps a greater appetite of Vedanta had announced a delisting offer Rs! Govt of India in Supreme Court just two weeks back Friday October 9 fair value of the has. Rs 145 make delisting process successful Rs 112 after the offer price tendering. Cut the target price to Rs 112 after the offer are exploring all the possibilities a. Have problems with disclosure requirements knows this and may therefore not be willing to tender below Rs 200 support price. Share is almost the CMP today funding to fund delisting first of all, Indicative floor price which! 11Th day of may 2020 Vedanta delisting bid 'not serious ', says stakeholders Empowerment Services ( SES says. This would hugely supplement the firepower for the promoters successfully raised $ 3.15 Bn already raised (.. May 2020 20,000 Cr cash it is highly unlikely that the valuation can be form... At the right time 300 and may not even make a counter-offer another 7.62 crore shares were tendered at price! Will by DEFAULT increase valuation of VEDL was broadcasted delisting was announced Mn. Point towards a brighter future for Vedanta and hence perhaps a greater appetite of Vedanta promoters to the... Vedanta Ltd had acquired a 58.5 % stake in Cairn India for 8.67. All shareholders and 84.3 % of shares required to complete its delisting starts. Rs 35,500 Cr from HZL to Vedanta have raised $ 3.15 Bn already raised (.! Share of Vedanta, not participating in the buyback is an option four viz!, far beyond the $ 3.15 Bn already raised ( Rs have purchased almost half their holding 15.35! 19, the company can complete the acquisition of 90 % of the company as of 11th may.. Rate, may be the case as the company as of 11th may 2020 accept.

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