Vedanta delisting price should be raised, say experts; stock ends 1% higher

On Tuesday, VRL had said it would acquire 49.86% from public shareholders at Rs 87.5 a share to delist Vedanta - lower than its last closing price of Rs 90.2

The bid to take Vedanta private failed to cheer the Street on Wednesday, with the stock closing just 1 per cent higher on Wednesday. Analysts said the indicative price announced by the Anil Agarwal-led promoter firm Vedanta Resources (VRL) would have to be significantly raised.

On Tuesday, VRL had said it would acquire 49.86 per cent from public shareholders at Rs 87.5 a share to delist Vedanta — lower than its last closing price of Rs 90.2. 

Analysts said the delisting price would have to be much higher, given the past trend.