Tag: Vedanta

Vedanta gets at least 134 crore shares required for delisting
Business

Vedanta gets at least 134 crore shares required for delisting

Vedanta Limited got offers for least offers for minimum shares expected to delist the organization on the last day of the opposite book building process. Information accessible with BSE indicated that the organization recevived offers for more than 137 crore shares against the base prerequisite of 134 crore shares. The offering time should close at 3.30 pm. In any case, the equivalent has been stretched out till 7 pm. "As per BSE’s Offer to Buy – Acquisition Window, the delisting session for the Company has been extended till 7:00 pm for October 9, 2020," Vedanta said in a regulatory filing. Shares of the organization shut 3.83 percent higher at Rs 122.10 on Friday, while the benchmark BSE Sensex settled 0.81 percent up at 40,509. Of the 137 crore shares, in excess of 69 crore...