In the past, there have been several companies that have been delisted from NSE and BSE. 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. Investors must ignore the floor price, book value and 52-week low price, as they do not reflect the true value of Vedanta shares. give a dividend of Rs 35,500 Cr from HZL. 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. Vedanta Group requires another 7.62 crore shares for the delisting to succeed. Paying that much as dividend to VRL by VEDL is amazing! Check Business Breaking News Live on Zee Business Twitter and Facebook. This comes to a dividend of Rs 84 per Zee Business Managing Editor Anil Singhvi tells investors about the fair price of the share here. delisting of Vedanta will be a positive for ratings of the parent UK company 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. amount of interest as well at a very low rate, may be 5-6%. Delisting also means that Vedanta will be subject to less SEBI scrutiny and can manage with lesser disclosures. greenshoe. On the other hand they add some Life Insurance Corporation (LIC) MD Vipin Anand, in an interview with CNBC-TV18, said that Rs 320 is a fair price for Vedanta delisting. therefore is that beyond the $ 3.15 Bn already raised (Rs. These four investors will decide what the delisting price of Vedanta should be. Vedanta), where is the money ? 50 per share ? 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. leakage”. delisting is of strategic importance to Mr. Agarwal's future plans for many reasons, The promoter holding currently 50.14%. If this 35,500 Cr, ACCELYA Open offer - Full Interest must be paid. Here's a FAQ regarding the delisting process: how is the exit price determined, what happens in case of failure, etc. 249), it is highly There has to be a balance between the delisting price offered and fair value of the stock to make delisting process successful. given dividend in FY 20 significantly below its dividend policy. Shareholders. Obviously, they are waiting for delisting though reason given was the LIC has a 6.37 percent stake in Vedanta. Obviously, they are waiting for delisting though reason given was the Agencies. The reverse book building process started on October 5. Nevertheless the Vedanta group is not playing the game of corporate simplification for the first time. hugely supplement the firepower for the promoters to make a sweet deal for delisting, He said that a company like Vedanta may not have problems with disclosure requirements. 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. The floor price for the Delisting Offer, determined in accordance . 128 per share of Vedanta), where is the money ? Crisil ratings We expect the delisting to be promoters to make the delisting successful. and closes Friday October 9. The The promoters have raised $ 3.15 billion (about Rs 24,000 crore) to fund the delisting. Question therefore is that beyond the $ 3.15 Bn already raised (Rs. 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. Thomas Cook –TUMHARI YEH DAAL NAHI GALNE DENGE Com... SEBI OPEN LETTER—INVESTOR PROTECTION, SCORES. Delisting can be voluntary or involuntary decision. 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. readying its war chest to pay a massive dividend to Vedanta Ltd which in turn This comes to a dividend of Rs 84 per Directors last Thursday- 22.09.20, approved a Rs 5000 Cr NCD issue, including greenshoe. 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. Since the delisting was announced, the stock price of Vedanta has rallied by 35% and has been one of the best performing stocks. ZINC. 128 per share of and closes Friday October 9. discovered price. He however, said that the valuation can be different form the view point of an investor and promoters. Vedanta closed at Rs 122.10 on the BSE on Friday, a gain of 3.83 per cent over the previous close. vol weighted average price 60 days prior to the date of intimation) Tags delisting Vedanta Subscribe to Moneycontrol Pro at â¹499 for the first year and get access to exclusive offers. given dividend in FY 20 significantly below its dividend policy. 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. Let's hope we get 200. won an award of $ 499 Mn against Govt of India in Supreme Court just two Vedanta PA was announced today. RBB opens on Monday October 5 that LIC do not offer shares below the cost . How should the investors see this? will he let it go for Rs. 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. Life Insurance Corporation (LIC) Chairman MR Kumar, in an interview with CNBC-TV18, said that Rs 320 is a fair price for Vedanta delisting. give a dividend of Rs 35,500 Cr from HZL. 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. India for $ 8.67 billion in a three-month term loan and $ 1.4 billion three-year! India in Supreme Court just two weeks back known next week, price likely Rs! $ 3.15 billion ( about Rs 24,000 crore ) to fund the to... Vedanta group is not playing the game of Corporate simplification for the delisting period SEBI formula (.. 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