A shortcut to view the full list of positions in your portfolio? Offer price of Rs 87.5 akin to … ... 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 … The reverse book-building process for public shareholders to tender their shares started on October 5 and will conclude on October 9. Photo: Reuters Vedanta's failed delisting puts investors at risk of cash flow leakages: IIAS 2 min read. What does this mean for existing VEDL minority shareholders? As per the latest available data, 137.65 crore shares have been tendered by public shareholders so far. 9:20 AM ET 11/06/2020, PR Newswire – Perfect for the technical trader—this indicator captures a stock's technical events and converts them into short, medium, and long-term sentiment. Big dip in the share price of Vedanta at 128 Rs. Updated: 15 Oct 2020, 06:36 PM IST Jayshree P. Upadhyay. 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 DETAILED FAQ's ON VEDANTA DELISTING KEY TERMS. You should conduct research and perform a thorough investigation as to the characteristics of any securities you intend to purchase. we overcome covid & a delisting attempt. Click the portfolio icon to get information about stocks you own without leaving the research page. Register now! VEDL reaching 100 rupees above its delisting price of 87.40. 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. 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 remaining shareholders will have up to one year to tender their shares at exit prices or new offers by the promoter. See everything you need to make investment decisions right in the dashboard. Save time on research by getting an overall assessment of a company's valuation, quality, growth stability, and financial health. 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. Post delisting, Vedanta may pay this as a dividend of Rs 136 per share. NEW DELHI: Shares of Vedanta traded largely flat in an otherwise strong market on Wednesday. Mr. Sunil Duggal, Chief Executive Officer, Vedanta, said "Vedanta has reported the highest quarterly operating result for more than 2 years. They had announced plans of delisting its shares. At the delisting offer price of ₹87.5, Vedanta’s share is valued 0.6 times its book value of ₹147 per share. 12:27 AM ET 10/12/2020. MUMBAI, India, Oct. 20, 2020 The following release was issued today by Vedanta Limited's (VEDL) subsidiary Hindustan Zinc Limited. 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 or sign up to leave a comment log in sign up. The delisting will now happen at a higher price, Khandelwal said quoting sources Get more Companies News and Business News … As you may have noticed, the company has been all over the news since May. No matter where you are, use the Stock Research experience across multiple devices. Research that's clear, accessible, and all in one place makes for a better experience. If you miss placing the order online in the first order window, A new order window will be opened on one day before the end date post 6:00 PM till the end date until 2:00 PM. The American Depository Shares holders may obtain a physical copy... MUMBAI, India , Nov. 6, 2020 Vedanta Limited (VEDL) today announced its unaudited consolidated results for the Second quarter and half year ended 30th September 2020. Zee Business Managing Editor and market Anil Singhvi unravels the mystery for the … 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. 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. The promoter group will have to make an announcement regarding the success or failure of the delisting offer, along with the final exit price, within 5 working days from the closure of the bid period, which is October 16, 2020. The recent recovery in metal prices gives a better picture of Q2FY21 result for the company," KRChoksey said. "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. Consolidated Financial Performance. 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. Orders will be accepted only till the last day of the closure at 2:00 PM. 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. Press down arrow for suggestions, or Escape to return to entry field. 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 Vedanta’s revenue and PAT to grow at a CAGR of 1.3 percent and 4.3 percent, respectively, over FY20-22E. Shareholders have time till 9th October to bid in the shares at a price they would like the shares to be delisted at. 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? 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. News. We saw enthusiastic participation by our shareholders that t "The company will also see pent-up demand post resumption of economic activity with abating of COVID-19 pandemic. Log in for real time quote. share. It will reach price offered by LIC in delisting that is 325. Find new ideas using quick links to the Stock Screener. View the latest market news and prices, and trading information. MUMBAI: Vedanta Ltd has opened the reverse book building process for delisting from 5 October. 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. Former legislator says 11 of the 19 MLAs could leave party soon, Webinar Presented by Knowlarity & Freshworks. Future Wise | What happens to your study abroad plans in 2021? It will reach price offered by LIC in delisting that is 325. The trend of companies looking to delist from the bourses appears to be picking up. Earlier this month, Anil Agarwal-promoted Vedanta Limited announced intention to delist from the Indian stock exchanges. 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. "We apply an EV/EBITDA multiple of 4.3 times on FY22E EBITDA of Rs 23.378.70 crore to arrive at a target price of Rs 168, an upside potential of 36.5 percent. Top Stocks to Buy in 2020 ... are down 11% today as of 12:45 p.m. EDT after the company announced over the weekend that its delisting plan failed to receive ... (VEDL… 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. The post offer public announcement of the company said that 125.47 crore shares were validly tendered by public shareholders. Read more about Vedanta: Delisting price may be significantly higher, say analysts on Business Standard. This would hugely supplement the firepower for the promoters to make a sweet deal for delisting, far beyond the Rs. But now, after almost 5 months, its delisting offer has failed. 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. 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 … Parent firm Vedanta Resources (VRL) on Tuesday announced plans to delist the metals & mining stock from Indian bourses. 13. The delisting price of Vedanta Limited’s 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. Read more about Vedanta: Delisting price may be significantly higher, say analysts on Business Standard. ... experts in equity, debt, gold and real estate crystal-gaze how the New ... Alembic (₹106.3): Buy . Not sure how the story will end yet. (RTTNews) - Vedanta Resources Ltd or VRL plans to voluntarily delist the equity shares of its Indian subsidiary, Vedanta Ltd. or VEDL from all stock exchanges on which VEDL… "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. 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