Vedanta Delisting Update: Today is the last date for tendering Vedanta shares for delisting bid but the bidders are unable to bid as there was a problem with the BSE website today. Billionaire Anil Agarwal’s Vedanta Resources last month was the first company to propose delisting of its India listed Vedanta. ... More Latest News. Vedanta delisting update: Promoters get minimum shares required, but bids way above floor price . How should the investors see this? The move came weeks after the firm's failed attempt to delist Vedanta Ltd from Indian stock exchanges. In case you can’t find any email from our side, please check the spam folder. Vedanta hits lower circuit as delisting plan fails Vedanta shares were down 9.99 per cent at Rs 109.90 on the BSE, while benchmark Sensex was … Vedanta’s delisting process will open on October 5. As on 15:30 IST on Monday (5 October), Vedanta's delisting offer received bids for 5.01 crore shares or 2.95% against the book size of 169.73 crore shares. Till 09:23 am, a combined 2.4 million equity shares had changed hands on the NSE and … Copyright © HT Digital Streams Limited All rights reserved. Group chairman and billionaire Anil Agarwal told https://bit.ly/2GMjhUY CNBC-TV18 on Friday the company will go for a counter offer if it was needed. Shares of Vedanta tanked 10 per cent to Rs 109.90 on the BSE in the early morning trade on Monday, after the company announced the failure of delisting offer as the promoters failed to garner the required number of shares.. Vedanta Resources, the parent, has mobilised USD 3.15 billion for the delisting exercise, resulting in total debt of the group swelling to over Rs 1,25,000 crore. PTI; October 01, 2020, 17:26 IST; Shares of Vedanta Ltd. traded 0.14 per cent up in trade at 11:50AM on Monday. Zee Business Managing Editor Anil Singhvi said that company promoters delisting offer is not attractive because the price offered is much below the Vedanta share price. India Business News. For reprint rights: BioNTech founders warn of vaccine supply gaps, Labour ministry formalises WFH for services sector, Consolidation and shakeouts: Aviation to get rewired, India begins tenure as non-permanent UNSC member, UK scraps 'sexist' tax on women's sanitary products, CBSE board exams to start on 4th May; practical exams to begin in March, Over Rs 70,000 crore economic loss in Q3 due to farmers' agitation: PHDCCI, AU SMALL FINANCE BANK | Target Price: Rs 1,100. The notes will be partly secured by shares in Mumbai-listed unit Vedanta Ltd. Vedanta surges 8% after promoters buy additional stake via open market. Vedanta says no pledge on shares, fundraise conditions bar promoters from share sale 2 … Vedanta Limited's delisting process starts today and will remain open this week. Latest News; Portfolio; BLink; Economy; BL On Campus; Money & Banking ; Data Focus; Cartoons; Resources; Knowledge Series (Videos) News Analysis. Vedanta closed at ₹ 122.10 on the BSE on Friday, a gain of 3.83 per cent over the previous close. 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 … Vedanta Resources Ltd (VRL) last week announced a delisting offer at a Rs 87.5 per share against a much higher book value resulting in severe criticism from analysts. The promoters have raised $ 3.15 billion (about Rs 24,000 crore) to fund the delisting. One should sell shares in the open market if delisting fails as at current valuations, Vedanta is overvalued to other peer companies. Vedanta will also return the tendered shares to the investors, as the company's plan to go private was scuppered, throwing the spotlight on its debt. Domestic institutional investors, make up a nearly half of Vedanta’s public shareholding at 49.49%. Vedanta closed at Rs 122.10 on the BSE on Friday, a gain of 3.83 per cent over the previous close. Vedanta Delisting Update: Today is the last date for tendering Vedanta shares for delisting bid but the bidders are unable to bid as there was a problem with the BSE website today.Zee Business Managing Editor Anil Singhvi talked to the advisor of Vedanta Delisting issue Dharmesh Mehta, MD & CEO at DAM Capital and asked whether they will ask for one more day for bidding. The de-listing offer of Vedanta Ltd has failed, according to the data available on the stock exchange website. More IIFL View . Vedanta’s delisting process will open on October 5. Ford pulls plug on plans to cede India business to Mahindra, cites pandemic, China's bottled water king Zhong Shanshan replaces Mukesh Ambani as Asia's richest person, HCL TECHNOLOGIES | Target Price: Rs 1,105, Mumbai property registrations spike continues, sets historic highs in December, RoDTEP scheme on all export goods from January 1, 2021, Future Retail attempting to mislead shareholders, regulators, Antony Waste makes a solid debut on New Year Day, Post Office Savings Bank likely to be interconnected with other banks by April, Tamil Nadu extends lockdown till Jan 31 but announces a number of relaxations, VVIP chopper scam: Rajiv Saxena tried to acquire foreign citizenship to avoid probe, says CBI, I wrongly believed economy won’t revive without a stronger fiscal stimulus: Swaminathan Aiyar. Top News. The stock had tumbled 20 per cent in the previous session as the firm's delisting plan failed after the offer could not garner enough confirmed bids. Markets kick-start 2021 at record high; Nifty ends above 14000 for first time ever, Market outlook: Earnings, Budget expectations, vaccine to keep traders busy this month, Sensex starts 2021 on all-time high, logs longest weekly streak in 10 years, 2020 was great for bitcoin but now analysts are worried about a correction. Monday after the failed delisting puts investors at risk of cash flow:. At risk of cash flow leakages: IIAS 2 min read through reverse book process! Crore shares at a price of Rs 140-145 per share fund the delisting building process building process is going end! Month was the first company to propose delisting of shares of Vedanta circuit.... Shareholders and 84.3 per cent up in trade at 11:50AM on Monday after the failed delisting puts investors at of... All shareholders and 84.3 per cent of all shareholders and 84.3 per cent minority. Half of this debt resides with the latest Business News Vedanta delisting offer the futures & option F... 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