Home / Companies / News / Anil Agarwal announces plans to delist Vedanta, to offer Rs 87.5 per share

Anil Agarwal announces plans to delist Vedanta, to offer Rs 87.5 per share

Agarwal-controlled Vedanta Resources will offer Rs 87.5 per share to nearly 49 per cent public shareholders of Vedanta Ltd

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Vedanta Resources Ltd (VRL) along with the other members of the promoter group presently hold 51.06 per cent equity of the company

Press Trust of India New Delhi

1 min read Last Updated : May 12 2020 | 9:07 PM IST

Billionaire Anil Agarwal on Tuesday announced intention to take his Indian listed firm Vedanta Ltd private by buying out shares held by public.

Agarwal-controlled Vedanta Resources will offer Rs 87.5 per share to nearly 49 per cent public shareholders of Vedanta Ltd.

This price is lower than Tuesday's Rs 89.30 closing price of Vedanta Ltd on the BSE.

In a regulatory filing, Vedanta Ltd said promoter group, Vedanta Resources has "expressed its intention to, either individually or along with one or more subsidiaries, acquire all fully paid-up equity shares of the Company that are held by the public shareholders of the Company".

Vedanta Resources

Topics : Anil Agarwal Vedanta

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