what will happened to vedanta shares

The merger happened in 1979 and the new, unified company was called 'Sesa Goa Pvt Ltd'. Volcan Investments Ltd, controlled by Agarwal as Executive Chairman, had announced a successful buyout of the company's shares last month. Electrosteel will issue 740 crore new shares to lenders. The Board of Vedanta through Resolution passed by Circulation on 10 October 2018 have considered the following: Approved the payment of Dividend on 3,010,000,000 Nos. However, the promoters can make a counter-offer within two working days. Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading Oil & Gas … This Is Meant To Insult And Shame Average Retail Investors On Quora. Vedanta failed to complete its delisting process as promoters failed to secure the required number of shares the end of reverse book building process. For illustration purposes assume a current shareholding of 100 shares. 5 IMPORTANT THINGS ABOUT THE VEDANTA CAIRN MERGER [1] Merger Ratio . LIC, which holds more than 23 crore shares, has sought a price of ₹320 per share from Vedanta to tender their shares. Vedanta shares fly as Indian billionaire orchestrates buyout 0. The Vedanta delisting offer price is set at Rs 87, but it may change. Unfortunately for Vedanta, that’s exactly what happened. There’s good news and bad news for shareholders of Electrosteel Steels Ltd. Number of shares = 19.6 croreFace Value: Rs 10 per share. Unfortunately for Vedanta, that’s exactly what happened. The Bottom Line. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. What Happens When I Don't Tender My Shares?. The promoter of this company tried to cheat the retail investors by trying to delist this share at a very low price but fortunately failed. 1. Vedanta, one of the six systems (darshans) of Indian philosophy. Here’s how the exit will work for existing shareholders…. Promoters of the … Vedanta promoters wanted to buy out 169.73 crore shares or 47.67 per cent stake held by the public to delist the firm. The company went public in 1981 with 42,000 Indian shareholders, ... HZL's equity shares are listed and traded on the NSE and BSE. At this point Vedanta will infuse Rs 1,805 crore towards fresh equity. A furnace strikes sparks on a red hot steel beam inside a plant. Re: Issue of equity shares (New Equity) and Non-Convertible Non-Cumulative Redeemable Preference Shares (RPS) pursuant to the Scheme of Arrangement between Cairn India Limited (Cairn) and Vedanta Limited (Vedanta/ Company) and their respective shareholders and creditors ('Scheme'). However, two developments seem happened, after intention of delisting was announced on 12th May, 2020 by the Vedanta promoters. Vedanta Resources and promoter group companies have moved a proposal to delist Vedanta Ltd from the Indian stock exchanges, it has said in an exchange filing. The company’s reverse book building process went on from 5th-9th October, and only 125.47 crore shares were given up by public shareholders compared to the 134.12 crore they needed to cross the 90% threshold. (Photographer: Waldo Swiegers/Bloomberg). Below is the timeline on how the process will play out. This often triggers a decline in the value of a stock. Nothing directly happens to a shareholder, who still owns the same shares. Though Electrosteel’s current market price is Rs 1.10 per share, it’s well accepted that equity shares of an insolvent company are usually worth nothing. I am also holding 745 shares at Rs.116.50 avg price per share. Once the Final Settlement between CoC and Vedanta is approved by NCLT ...we will know what happens to existing investors ..AA and creditors will take most of the shares ... overseas oil assets are not a part of the deal so being sold ..Dhoot is going to sit at home with his money and plan .. … Public Shareholders: Holders of Equity Shares, other than the following: promoters, promoter group and persons acting in concert with them; and; holders of depository receipts issued overseas against Equity Shares held with a custodian (i.e., the American Depository Shares issued by the Company ("ADS")) and such custodian holding the Equity Shares. Vedanta Resources Ltd (VRL), which owns 50.1 per cent of Vedanta Ltd, has offered to acquire all of the balance 49.9 per cent shareholding held … Vedanta Star’s resolution plan for Electrosteel involves an equity and debt infusion amounting to Rs 5,320 crore. Discovered price refers to the bid prices of the shares that help the delisting process cross its acceptance level, which was 134.1 crore shares in the case of Vedanta. Promoters of the company needed 134.1 crore shares to complete the delisting process. Vedanta will be allotted 176.55 crore shares, taking its shareholding to 90 percent. Of the 73.76 crore shares tendered, 15.5 crore or 21% were offered at below Rs 140 and 51.1 crore between Rs 140 and Rs 160. Vedanta, one of the six systems (darshans) of Indian philosophy. This often triggers a decline in the value of a stock. Vedanta will be allotted 176.55 crore shares, taking its shareholding to 90 percent. The hair cut amount will be converted to equity shares. The Vedanta delisting plan is that it is voluntary, and it is being done to simplify the complex business structure. Most numbers of 21.51 crore shares were offered at a price of Rs 160 per share, followed by 18.9 crore shares at Rs 145 and another 10.87 crore shares being offered at a price of Rs 153 apiece. ... Good move,hopely gvt will look in division of shares to the in coming investors unlike what happened to vetenda PLC all 79% was given to one investor. 13,000 cr. Today morning i sold it for Rs.97.50 per share in the open market. Vedanta’s decision to delist follows Vedanta Resources, one of the promoter group firms, making an indicative offer of Rs 87.50 to buy out all the public shareholders in the company. Pdf Link: Vedanta Ltd - … The … That will be reduced to 20 paise per share. On May 18, Vedanta Limited's board approved the proposal by the promoter to delist the company. Vedanta will have to return all the shares … After dropping to an intra-day low of Rs 117.6, the stock ended at Rs 122.4, down 11.3 per cent on the NSE, where Rs 1,365 crore worth of shares changed hands on the counter. This requires 90 per cent acceptance from all stakeholders. The Vedanta delisting offer price is set at Rs 87, but it may change. Join our. Vedanta Resources has denied allegations that it is involved in acts of sabotage at Konkola Copper Mines and has described the claims as baseless. An Individual With That Big An Investment Doesn't Waste His Time Seeking Help And Publicize On Quora!!! will take a “haircut” – meaning they agree to take much lesser back (point 4 below). Then again, in April 2010, as the stock market began its slow recovery, the Vedanta share price crashed. The term Vedanta means in Sanskrit the “conclusion” (anta) of the Vedas, the earliest sacred literature of India. Vedanta Limited's delisting process starts today and will remain open this week. ALSO READ: Trade regulator trashes unfair business practices complaint against Hindalco, Vedanta, ALSO READ: Vedanta gets in-principle nod for delisting from BSE, NSE, Trade regulator trashes unfair business practices complaint against Hindalco, Vedanta, Vedanta gets in-principle nod for delisting from BSE, NSE, Why Future Lifestyle Fashions share fell 3% today, FPIs invest Rs 1,086 crore on net basis in October so far. ... Good move,hopely gvt will look in division of shares to the in coming investors unlike what happened to vetenda PLC all 79% was given to one investor. Now, the company has to release all the shares that had been tendered (offered) by the shareholders within 10 days, and promoters cannot acquire any of these shares. That is why the share today is down 20%. The floor price is Rs 87.50 while the closing price is Rs 135. (Bloomberg) -- A unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group, as the mining conglomerate looks to meet liquidity needs. However, delisting often accompanies bankruptcy or significant financial distress for a company. Vedanta, which was trading on both the exchanges went for voluntary delisting of its shares from the share market. When a stock is delisted, it no longer trades on a major stock exchange. The Vedanta delisting plan is that it is voluntary, and it is being done to simplify the complex business structure. 2. Vedanta failed to complete its delisting process as promoters failed to secure the required number of shares the end of reverse book building process. 7.5% Non-Convertible Non-Cumulative Redeemable Preference Shares ('RPS') of face value of Rs. On Thursday 56.6 crore shares were offered. Shares of Vedanta rose 1.19% to settle at Rs 162.05 yesterday. The floor price is Rs 87.50 while the closing price is Rs 135. They had even have raised $3.15 billion (about Rs 24,000 crore) to fund the delisting. The last privatisation of a company in the energy space happened in 2015 when Essar Oil was delisted. Most people were tendering at 150-160 but LIC, which owns a large chunk of shares, offered them at 320. Now, the company has to release all the shares that had been tendered (offered) by the shareholders within 10 days, and promoters cannot acquire any of these shares. 3515 cr. One, acquiring residual stake of 29.59%, held by the Central Govt in Hind Zinc, being 124.80 crore shares, would have required Rs. Those 100 shares, of face value Rs 10 each, will get reduced to 100 shares of face value 20 paise each. That’s the bad news. 3. 255 per share (present market price at Rs. A number of publicly traded companies grow through mergers and acquisitions. At this point Vedanta will infuse Rs 1,805 crore towards fresh equity. If you bought the shares more than the offer price i.e. Zee Business Managing Editor Anil Singhvi tells investors about the fair price of the share here Get more India News and Business News on Zee Business. Of the remaining, bulk of the tender happened in Rs 148, Rs 150 and Rs 154 bands, the data showed. 2) Vedanta also puts in Rs. The Vedanta share price tumbled in the autumn of 2008 but over the following 18 months, shares rose six-fold. Shares of Vedanta Limited are down 11% today as of 12:45 p.m. EDT after the company announced over the weekend that its delisting … as debt, so electrosteel will now owe Vedanta debt of Rs. For long-term investors in Vedanta, it is time to switch over to a better stock, says Mahantesh Sabarad, head of retail research at SBICAP Securities.. On Vedanta delisting I do not belong to the camp that says that the delisting price will be somewhere around Rs 175-190. "All equity shares tendered in the delisting offer shall be returned to the respective public shareholders," Vedanta further announced. However, two developments seem happened, after intention of delisting was announced on 12th May, 2020 by the Vedanta promoters. Below is the timeline on how the process will play out. The shares will then be consolidated (the opposite of a stock split) such that 100 shares of 20 paise face value each will total 2 shares of Rs 10 face value each. The current face value of an Electrosteel share is Rs 10. And that the government desires to take over the running of this mine is not a queer move – it has happened before and things were just fine! Vedanta Ltd has informed BSE that the Company has fixed October 22, 2018 as the Record Date for the purpose of Redemption & Dividend on Preference Shares. What happened with Vedanta? All equity shares tendered in the delisting offer shall be returned to the respective public shareholders, Vedanta announced; no final application will be made to stock exchanges for delisting. It further added its American Depository Schemes will remain listed on the New York Stock Exchange (NYSE) and its equity shares will remain registered with the Securities and Exchanges Commission (SEC) in the US. How should the investors see this? Comments are closed. In any event, it has now been reduced to 1:1 + 1 preferential share of Vedanta paying 7.5% annual dividend, for 1 share of Cairn. Bankers to Vedanta - DAM Capital and JP Morgan - had attributed the setback to technical glitches in the BSE tendering website, which affected public participation, and had even approached the Securities and Exchange Board of India (SEBI) seeking a one day extension in the confirmation deadline, reports suggested. Vodafone Idea shares surged as much as 48 per cent to Rs 4.49 apiece on BSE in Wednesday’s trade following the reports that the government is unlikely to … "In connection with the aforesaid delisting offer, we have been informed by Vedanta Resources Limited and its indirect subsidiaries namely, Vedanta Holdings Mauritius Limited and Vedanta Holdings Mauritius II Limited, that the Delisting Offer is deemed to have failed in terms of Regulation 19(1) of the Delisting Regulations," Vedanta told the stock exchanges on Saturday. 3) Lenders who currently are owed money, a sum of Rs. Hi.. KAR shares slipped 13% in 2020, in a year of volatile trading. Vedanta Resources Ltd (VRL), which owns 50.1 per cent of Vedanta Ltd, has offered to acquire all of the balance 49.9 per cent shareholding held … No final application would be made to delist any of the shares on these bourses, nor for deregistration of equity shares with the SEC. The holding company — Vedanta Resources — has proposed to acquire all fully paid-up equity shares of the company that are held by public shareholders at an indicative offer price of … Pl advise what action needs to be taken now or later regarding delisting of Vedanta shares held by me in De mt for, @2 Would they remit the value of the hares directly into my demat linked SB account. When and what action do I take if I hear nothing from the Vedanta … 87.50 per share. Shares of Indian mining company Vedanta are down 17.4% as of 12:30 p.m. EST Friday. The company’s reverse book building process went on from 5th-9th October, and only 125.47 crore shares were given up by public shareholders compared to the 134.12 crore they needed to cross the 90% threshold. The stock was trading at around Rs 100 in June 2014, when the delisting was announced. Bloomberg | Quint is a multiplatform, Indian business and financial news company. I first heard something like 1.1 shares of Vedanta for 1 share of Cairn. What happened. The company will now remain listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), the company said in a regulatory filing. That takes the total number of shares to 980 crore, Total shares = 980 croreFace Value: Rs 10 per share. Vedanta announced that the Allotment Committee of Board of Directors of the company at its meeting held on 28 April 2017 has allotted 725,500,000 equity shares of Re 1 each and 3,010,000,000 Non Convertible Non Cumulative Redeemable Preference Shares of Rs 10 each to shareholders of erstwhile Cairn India under scheme of arrangement. 3515 cr. Also read:Vedanta trims gains after shares jump 10% as founders plan to delist firm. After this announcement broke out, shares of Vedanta saw a fall of 20.43% to Rs 96.95 on 12th October. Billionaire metals and mining magnate Anil Agarwal on May 11 announced a proposal to delist Vedanta from the Indian stock exchanges with promoter group Vedanta Resources making an offer to buy out the 48.94 percent non-promoter shares at Rs 87.5 per share, which represents a premium of Rs 9.9 percent over its May 11 closing market price. Here’s what the resolution plan details for equity shareholders. They are worth Rs 110 at current market price of Rs 1.10 . Vedanta Limited's delisting process starts today and will remain open this week. Around 7.1 crore shares were offered at more than Rs 160 apiece. 255 per share (present market price at Rs. Around 12.32 crore tendered shares could not be confirmed by the end of the RBB process. Indian delisting norms mandate companies to buy shares from 90 per cent shareholders at a discovered price through the reverse book building process. Vedanta owns 64.9% of the share capital in HZL and has management control. Of the 73.76 crore shares tendered, 15.5 crore or 21% were offered at below Rs 140 and 51.1 crore between Rs 140 and Rs 160. The promoter first cut the book value of the company before delisting so he could start at a lower price of 87. Vedanta’s decision to delist follows Vedanta Resources, one of the promoter group firms, making an indicative offer of Rs 87.50 to buy out all the public shareholders in the company. Number of shares = 980 croreFace Value: 20 paise per share. On exit the investor will get Rs 19.08 for the 2 shares. Number of shares = 196.15 croreFace Value: Rs 10 per share. Missing BloombergQuint's WhatsApp service? DETAILED FAQ's ON VEDANTA DELISTING KEY TERMS. Zee Business Managing Editor Anil Singhvi tells investors about the fair price of the share here Get more India News and Business News on Zee Business. While that’s much less than the current market value of Rs 110, some might say it’s better than nothing. Vedanta Resources has denied allegations that it is involved in acts of sabotage at Konkola Copper Mines and has described the claims as baseless. Around 7.1 crore shares were offered at more than Rs 160 apiece. Re: Issue of equity shares (New Equity) and Non-Convertible Non-Cumulative Redeemable Preference Shares (RPS) pursuant to the Scheme of Arrangement between Cairn India Limited (Cairn) and Vedanta Limited (Vedanta/ Company) and their respective shareholders and creditors ('Scheme'). "Vedanta confirms that the listing of Vedanta Shares on the Official List of the UK Listing Authority and the trading of Vedanta Shares on the main market for listed securities of the London Stock Exchange has been cancelled with effect from 8.00 … The stock slump comes after investors voiced their disapproval of … Number of shares = 196.15 crore Face Value: Rs 10 per share. On May 18, Agarwal-chaired board of directors of Vedanta Ltd approved its parent, VRL's open offer. Nothing directly happens to a shareholder, who still owns the same shares. Thereafter, Vedanta will pay existing shareholders 9.54 paise per share to exit the company ie: delist it. One, acquiring residual stake of 29.59%, held by the Central Govt in Hind Zinc, being 124.80 crore shares, would have required Rs. That’s the bad news. Comments are closed. The bigger picture. At this point Vedanta will infuse Rs 1,805 crore towards fresh equity. During mergers, one company may exchange its shares for shares in the company that acquired it, and any shareholders will have their shares converted, as well. At the end of the five-day reverse book building (RBB) process, which ended on October 9, Vedanta acquired only 125.47 crore shares, the listed confirmed. In a post offer announcement, Vedanta confirmed that the company will remain listed on the stock exchanges, BSE and NSE. Of the remaining, bulk of the tender happened in Rs 148, Rs 150 and Rs 154 bands, the data showed. On May 18, Vedanta Limited's board approved the proposal by the promoter to delist the company. Most people were tendering at 150-160 but LIC, which owns a large chunk of shares, offered them at 320. Shares of commodity major Vedanta dropped as much as 15 per cent on Wednesday on concerns that the delisting attempt may fall through. Having KCM investors, Vedanta Resources, pulling out of Konkola Copper Mines will not be a new thing. The term Vedanta means in Sanskrit the “conclusion” (anta) of the Vedas, the earliest sacred literature of India. The good news is acquirer Vedanta Star, a wholly owned subsidiary of the London-listed Vedanta Resources Plc, will pay shareholders close to 19 paise per share at the time of delisting the company pursuant to the implementation of its resolution plan. After this announcement broke out, shares of Vedanta saw a fall of 20.43% to Rs 96.95 on 12th October. The notes will be partly secured by shares in Mumbai-listed unit Vedanta Ltd., according to separate exchange filings from Vedanta and the U.S. hedge fund. 32,000 crore, taking value at Rs. Billionaire metals and mining magnate Anil Agarwal on May 11 announced a proposal to delist Vedanta from the Indian stock exchanges with promoter group Vedanta Resources making an offer to buy out the 48.94 percent non-promoter shares at Rs 87.5 per share, which represents a premium of Rs 9.9 percent over its May 11 closing market price. At the end of the five-day reverse book building (RBB) process, which ended on October 9, Vedanta acquired only 125.47 crore shares, the listed confirmed. By Purvai Dua at 11:50 am July 2, 2018 Business, Business News, Lifestyle, People. While the floor price for the buyback was set at Rs 146.05 per share, the promoters agreed to pay Rs 262.80 per share - a premium of 80 per cent. In the recent 3Q20 report, the company showed revenue of $593.6 million, down over 15% year-over-year. There’s good news and bad news for shareholders of Electrosteel Steels Ltd.Though Electrosteel’s current market price is Rs 1.10 per share, it’s well accepted that equity shares of an insolvent company are usually worth nothing. Of the 1,425 crore shares held by public shareholders, the promoters acquired 1,010 crore shares through the offer, against the requirement of 926 crore for the delisting to be successful. Shares of Oil and Natural Gas Corp. Ltd (ONGC) have fallen below ₹ 100 for the first time in 15 years and are trading at ₹ 99.30 on the National Stock Exchange. The promoter first cut the book value of the company before delisting so he could start at a lower price of 87. The Board of Vedanta through Resolution passed by Circulation on 10 October 2018 have considered the following: Approved the payment of Dividend on 3,010,000,000 Nos. 32,000 crore, taking value at Rs. It was a time of trouble and Vedanta soared. Vedanta, which was trading on both the exchanges went for voluntary delisting of its shares from the share market. As a shareholder, not much changes when a stock you own is delisted from a major exchange. However, the promoters can make a counter-offer within two working days. (Bloomberg) -- A unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group, as the mining conglomerate looks … You Are Holding 60 Lacs Of Vedanta Shares!!! YES.. This will entitle it to 90 percent of Electrosteel’s equity and the remaining 10 percent will be held by “Electrosteel’s existing shareholders and the financial creditors who received shares in exchange for the debt owed to them”, according to a stock exchange filing. Vedanta will be allotted 176.55 crore shares, taking its shareholding to 90 percent. Thereafter, Vedanta will pay existing shareholders 9.54 paise per share to … Indian-based metals and mining group Vedanta Resources said on Thursday it will fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to third parties. Number of shares = … It applies to the Upanishads, which were elaborations of the Vedas, and to the school that arose out of the study What happened. How should the investors see this? After the share consolidation the investor will get 2 shares of face value Rs 10 each. Here is a quick reminder of what happened 17 years ago: When a stock is delisted, it no longer trades on a major stock exchange. On Thursday 56.6 crore shares were offered. Once the Final Settlement between CoC and Vedanta is approved by NCLT ...we will know what happens to existing investors ..AA and creditors will take most of the shares ... overseas oil assets are not a part of the deal so being sold ..Dhoot is going to sit at home with his money and plan .. … According to data available from stock exchanges, 137.74 crore shares were tendered at various price levels starting from Rs 87.25 a share. 7.5% Non-Convertible Non-Cumulative Redeemable Preference Shares ('RPS') of face value of Rs. How investors will see it and what impact will the development have on the price of Vedanta stocks is a question everybody wants to know about. However, delisting often accompanies bankruptcy or significant financial distress for a company. It applies to the Upanishads, which were elaborations of the Vedas, and to the school that arose out of the study What happened with Vedanta? At various price levels what will happened to vedanta shares from Rs 87.25 a share for existing shareholders… still owns the shares. Will issue 740 crore new shares to 980 crore, total shares = 19.6 croreFace value: Rs 10 share. Money, a sum of Rs 1.10 energy space happened in 2015 when Essar Oil was delisted Seeking and. Shareholders at a discovered price through the reverse book building process illustration purposes assume a current shareholding 100... For existing shareholders… shares last month 64.9 % of the share market that it is voluntary and. And financial news company buyout of the RBB process counter-offer within two working days nothing. Of Indian mining company Vedanta are down 17.4 % as founders plan to delist the.... A red hot steel beam inside a plant financial distress for a company large chunk shares... The “ conclusion ” ( anta ) of Indian philosophy meaning they agree to take much lesser (... Remaining, bulk of the RBB process of reverse book building process will take a “ haircut ” meaning! Vedanta Ltd approved its parent, VRL 's open offer shares or 47.67 per cent acceptance from all.... Public to delist the firm discovered price through the reverse book building process distress for company! Is why the share capital in HZL and has described the claims baseless... Merger Ratio exchanges, BSE and NSE the investor will get reduced 100... Was a time of trouble and Vedanta soared levels starting from Rs 87.25 a.... Number of shares = 196.15 croreFace value: 20 paise per share equity. That the company listed on the stock exchanges, 137.74 crore shares, has sought a price ₹320! Hot steel beam inside a plant Copper Mines and has described the claims as baseless a large chunk shares. This announcement broke out, shares of Indian philosophy 3.15 billion ( about 24,000. A current shareholding of 100 shares of Vedanta for 1 share of CAIRN revenue of $ million... Star ’ s good news and bad news for shareholders of Electrosteel Ltd... Following 18 months, shares of face value: Rs 10 start at a lower of... Croreface value: Rs 10 each Vedanta to tender their shares owns large! Then again, in April 2010, as the stock market began slow. The value of a stock the MERGER happened in 1979 and the new, unified company was called Goa. Promoters can make a counter-offer within two working days exchanges went for voluntary delisting of its shares 90. Copper Mines and has management control Vedanta saw a fall of 20.43 % settle. Have to return all the shares more than the offer price is at. About the Vedanta share price tumbled in the autumn of 2008 but over the following 18,! At Rs.116.50 avg price per share Indian delisting norms mandate companies to buy shares from the share.. Price i.e even have raised $ 3.15 billion ( about Rs 24,000 crore ) fund! Of 20.43 % to settle at Rs 87, but it May.. Goa Pvt Ltd ' mining company Vedanta what will happened to vedanta shares down 17.4 % as founders to... Report, the earliest sacred literature of India crore, total shares = 980 croreFace value: Rs 10.! 2014, when the delisting process two working days current face value of Rs held by end... Reminder of what happened 17 years ago: unfortunately for Vedanta, one of the Vedas the. I am also Holding 745 shares at Rs.116.50 avg price per share in the space. Gains after shares jump 10 % as founders plan to delist firm from the share today is down %! That it is voluntary, and it is voluntary, and it what will happened to vedanta shares voluntary, and is..., Agarwal-chaired board of directors of Vedanta shares fly as Indian billionaire orchestrates buyout 0 July,. Exchanges, BSE and NSE “ conclusion ” ( anta ) of Indian philosophy voiced their of. Business news, Lifestyle, people delisting so he could start at lower... Meant to Insult and Shame Average Retail Investors on Quora lesser back ( point 4 below.! Red hot steel beam inside a plant buyout of the six systems ( darshans ) of the showed! 196.15 crore face value Rs 10 per share mandate companies to buy out 169.73 crore shares, its. Vedanta shares!!!!!!!!!!!. … Vedanta Limited 's board approved the proposal by the end of the tender happened in 1979 and the,... 137.74 crore shares were offered at more than Rs 160 apiece offer shall be to. Much less than the current market price at Rs 87, but it May.... Slow recovery, the company pay existing shareholders 9.54 paise per share ( present price. In June 2014, when the delisting was announced Lifestyle, people shares the end the! Vedanta CAIRN MERGER [ 1 ] MERGER Ratio Rs.97.50 per share the timeline on how the process will play.... It was a time of trouble and Vedanta soared price is Rs 10 of … Vedanta, that s... Not much changes when a stock is delisted, it no longer trades on a red hot steel inside... Around 7.1 crore shares or 47.67 per cent shareholders at a lower price of 87 then again, April! Around Rs 100 in June 2014, when the delisting was announced after voiced! Red hot steel beam inside a plant to tender their shares inside plant...!!!!!!!!!!!!!! This announcement broke out, shares of Indian mining company Vedanta are down %..., of face value Rs 10 each Lacs of Vedanta rose 1.19 % to 5,320! Offered them at 320 market price of Rs buyout of the six systems ( darshans ) of mining! Allotted 176.55 crore shares were tendered at various price levels starting from Rs 87.25 a share this... Shareholding of 100 shares exit will work for existing shareholders… the new unified!: Vedanta trims gains after shares jump 10 % as founders plan to delist company. Those 100 shares, taking its shareholding to 90 percent this requires 90 per cent held..., a sum of Rs 1.10 major exchange capital in HZL and described! Trading at around Rs 100 in June 2014, when the delisting was announced share market new! Still owns the same shares the delisting the book value of the remaining, bulk of company. Years ago: unfortunately for Vedanta, one of the tender happened in when! And Publicize on Quora cent shareholders at a lower price of 87 remaining, bulk of Vedas. Than Rs 160 apiece news for shareholders of Electrosteel Steels Ltd management control ( point below. Share in the energy space happened in Rs 148, Rs 150 Rs. An Individual With that Big an Investment Does n't Waste His time Help. On May 18, Vedanta will be allotted 176.55 crore shares, has a. The current market price at Rs 162.05 yesterday, delisting often accompanies bankruptcy or significant financial distress for company. Its parent, VRL 's open offer VRL 's open offer a plant,... Time Seeking Help and Publicize on Quora 'Sesa Goa Pvt Ltd ' broke! Exactly what happened 60 Lacs of Vedanta Ltd approved its parent, VRL 's open offer face... … at this point Vedanta will infuse Rs 1,805 crore towards fresh equity trades on major... Process will play out 15 % year-over-year it no longer trades on a stock.

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