BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChoksey Report
On May 12, Vedanta Resources PLC, founded by metals and mining baron Anil Agarwal, announced its decision to voluntary delist its Indian company, Vedanta Ltd, from stock exchanges.
Subsequently, company obtained the shareholder’s nod to take it private successfully.
Vedanta has opened the reverse book building process for delisting itself from stock market from October 5, which will conclude on October 9. The result of the delisting process will become evident on October 16.
In the case of successful delisting, promoters will have to pay the minority shareholders who have subscribed to offer within 10 days.
Remaining shareholders will have up to one year to tender their shares at exit price.
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