I own more than 800 of these at average of 134+ Will the delisting price be above book value? Allows VEDLâs 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 Press down arrow for suggestions, or Escape to return to entry field. Click the portfolio icon to get information about stocks you own without leaving the research page. The post offer public announcement of the company said that 125.47 crore shares were validly tendered by public shareholders. or medium without express writtern permission of moneycontrol.com is prohibited. "The outstanding minority shareholders are almost 50 percent and large institutional investors would not agree and there could be a higher offer from the acquirer to delist the shares from stock exchanges," Jain added. Vedanta delisting offer garners healthy response; at what price should... Finance Minister Nirmala Sitharaman chairs review meeting of the... Maharashtra cabinet clears proposal to cut govt levies on real estate... Bandhan Bank sees 5% Q-O-Q loan growth in December quarter. 12:27 AM ET 10/12/2020. A large number of unconfirmed bids and some technical glitches in the tender process are likely to have contributed to the failure. Post delisting, Vedanta may pay this as a dividend of Rs 136 per share. 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. 200. A delisting plan for Vedanta Ltd. (VEDL) by its major shareholders has failed, the Indian mining company said Saturday. Not sure how the story will end yet. Get a sense of people's overall feelings towards a company in social media with this summary tool. 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. 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. we overcome covid & a delisting attempt. 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. The company will remain listed, it said. October 9 is the final day of the reverse book building process in which public shareholders can tender the shares of Vedanta as the company readies to get delisted from Indian bourses. s/o to all fellow investors that survied the journey in the past year. India Business News: "Launching the delisting bid to garner approx 134 crore shares was indeed a mammoth task. 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. KRChoksey Research in a report said it expects Vedantaâs revenue and PAT to grow at a CAGR of 1.3 percent and 4.3 percent, respectively, over FY20-22E. Vedanta Limited American Depositary Shares (Each representing four equity shares) (VEDL) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. indicative vedl, vedl, price, vedanta delisting ⦠The meeting condition is - bids submitted should be sufficient to take promoter shareholding to 90 percent, at least. A high-level overview of Vedanta Limited (VEDL) stock. The changes shall ⦠Earlier this month, Anil Agarwal-promoted Vedanta Limited announced intention to delist from the Indian stock exchanges. We saw enthusiastic participation by our shareholders that t In a stock exchange filing, Vedanta has made a delisting offer for Vedanta Ltd (VEDL), where it holds 50.1 per cent effective stake, by acquiring the equity shares held by public shareholders in accordance with the SEBI Delisting Regulations. 128 per Share that the $ 3.15 Bn indicates. Photo: Reuters Vedanta's failed delisting puts investors at risk of cash flow leakages: IIAS 2 min read. 81% Upvoted. A delisting plan for Vedanta Ltd. (VEDL) by its major shareholders has failed, the Indian mining company said Saturday. VEDL reaching 100 rupees above its delisting price of 87.40. You should conduct research and perform a thorough investigation as to the characteristics of any securities you intend to purchase. Fidelity is not recommending or endorsing this security by making it available to customers. 4 comments. If the Delisting Offer is successful and the Equity Shares are delisted from the Stock Exchanges, then the Promoter intends to delist the ADS issued by the Company from New York Stock Exchange ("NYSE") and deregister the Company from the U.S. Securities and Exchange Commission ("SEC"), subject to the requirements of the NYSE and the SEC. DETAILED FAQ's ON VEDANTA DELISTING KEY TERMS. Thus, the delisting offer cannot see the light of the day and the company shall remain listed. If delisting is successful, promoters will have to pay the amount within 10 days to minority shareholders who have subscribed to the offer. 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. Shareholders have time till 9th October to bid in the shares at a price they would like the shares to be delisted at. Hence, we think shareholders should offer their shares at least 1.9 times the floor price fixed by the company," said KRChoksey. 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, Vedantaâs 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? "We justify our target price against the floor price of Rs 87.5 in the light that company had written off Rs 17,132 crore on account of impairment of assets in oil and gas, copper and iron ore businesses in Q4FY20, which resulted in the reduction of book value to Rs 89 from the nominal book value of Rs 147. At the delisting offer price of â¹87.5, Vedantaâs share is valued 0.6 times its book value of â¹147 per share. In this Video we will be discussing about Vedl Delisting News and how we can take decision for a profitable bet from this News. NEW DELHI: Shares of Vedanta traded largely flat in an otherwise strong market on Wednesday. The delisting price of Vedanta Limitedâs stock is likely to be much higher than the offer price of Rs 87.5 per equity share, given earlier by the company, Zee Business Executive Editor Swati Khandelwal revealed to Managing Editor Anil Singhvi in this breaking news. Content and data provided by various third parties and Fidelity −. Read more about Vedanta: Delisting price may be significantly higher, say analysts on Business Standard. Get the latest Vedanta Limited (VEDL) stock news and headlines to help you in your trading and investing decisions. It will reach price offered by LIC in delisting that is 325. 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. VEDL Delisting proposal given to SEBI, offer price is 87.5. Find new ideas using quick links to the Stock Screener. Read live tweets from the financial and investing community about the stock you're interested in. Big dip in the share price of Vedanta at 128 Rs. Vedanta Limited Share Price Today, Live NSE Stock Price: Get the latest Vedanta Limited news, company updates, quotes, offers, annual financial reports, graph, volumes, 52 week high low, buy sell tips, balance sheet, historical charts, market performance, capitalisation, dividends, volume, profit and loss account, research, results and more details at NSE India. Updated: 15 Oct 2020, 06:36 PM IST Jayshree P. Upadhyay. Future Wise | What happens to your study abroad plans in 2021? FAQS ON THE PROPOSED DELISTING OF VEDANTA LIMITED KEY TERMS ⢠Public Shareholders: Holders of Equity Shares, other than the following: o promoters, promoter group and persons acting in concert with them; and o holders of depository receipts issued overseas against Equity Shares held ⦠The share tendering process was tepid till October 8 but it gained momentum on the final day. News. 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. Log in for real time quote. 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. Delisted Vedanta Resources from London stock Exchange delisting is successful, promoters will have to pay the within! How we can take decision for a better picture of Q2FY21 result for the company also... People 's overall feelings towards a company 's valuation, quality, growth,! Vedanta delisting ⦠VEDL delisting proposal given to SEBI, offer price of 87.40 post delisting, delisting! 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