vedanta delisting: share price

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September 21, 2016

vedanta delisting: share price

The promoters have raised $ 3.15 billion (about Rs 24,000 crore) to fund the delisting. Vedanta delisting offer fails, shares to be returned What upset the Vedanta plan is the decision by LIC, which holds 6.37 per cent in Vedanta, to submit all its shares at a price of Rs 320, a 266 per cent premium over the floor price of Rs 87.25 per share. Compared with the closing price of the Vedanta scrip on the BSE on Monday, the indicative offer price represents a premium of almost 10 per cent. Today, is the last day of bidding. Here’s what you don’t know about Vedanta Limited delisting and the possible Final Price of ₹350/share Published on August 28, 2020 August 28, 2020 • 112 Likes • 60 Comments The present share price of Vedanta at Rs 121 is about 38 per cent higher compared to the indicative offer price of Rs 87.5 a share given by the promoter group on May 12. Vedanta Ltd investors must ignore floor price, book value and should rather offer their shares at a price higher than the company’s proposed delisting price. Vedanta shares closed at Rs 117.60, down 4.85 percent, on October 8 on BSE. The delisting price of Vedanta Limited’s stock is likely to be much higher than the offer price of Rs 87.5 per equity share, given earlier by the company, Zee Business Executive Editor Swati Khandelwal revealed to Managing Editor Anil Singhvi in this breaking news. 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. This funding can support a price of Rs 140-145 per share. 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. Vedanta closed at Rs 122.10 on the BSE on Friday, a gain of 3.83 per cent over the previous close. Currently, the stock trades at Rs 90, above the issue price. Vedanta share price was trading at ₹116 at 10.55 am. Market analysts suggested that LIC’s average buying price for Vedanta Ltd is ₹225 per share or more. With the Vedanta group completing its fundraising recently to accomplish the objective of share buyback and delisting Vedanta Limited (Vedanta) from stock exchanges, all eyes are now on the proceedings hereon, especially the delisting price. The offered closed on Friday. On Tuesday, Vedanta announced that the promoters plan to offer Rs 87.5 per share for 49 per cent stake held by public shareholders. The reverse book building process started on October 5. The floor price for share tendering has been set at Rs 87.25. The offer price was fixed at a 9.9 per cent premium to Monday’s closing price of Rs 79. 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