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Motilal Oswal Report
Vedanta Ltd.’s Q1 FY21 results reflect the impact of weak commodity prices as Ebitda declined 12% QoQ to Rs 39.9 billion.
However, Ebitda beat estimates led by higher profitability in aluminum business.
All eyes are now on the proposed delisting of the company by the promoters and the reverse book-building for the same starts on October 5, 2020 and will be open till October 9, 2020.
The final outcome on the success or failure of the delisting would be known on October 16, 2020.
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