Comments
Vedanta has got shareholders’ nod for voluntary delisting of equity shares from the NSE and BSE. The company obtained 93.3 per cent votes in favour of the proposal. Billionaire Anil Agarwal-owned Vedanta Resources will be buying out 48.94 per cent shares held by retail investors in Vedanta with an investment of ₹16,000 crore, depending on the final price. It had fixed the floor price for the buyback of shares at ₹87.5 apiece. However, the final price will be decided after the reverse book-building process is completed.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.