Vedanta to be delisted from Indian bourses, says chairman Anil Agarwal

Anil Agarwal-led Vedanta said on Tuesday the company would voluntarily delist from the BSE and the National Stock Exchange of India. Either individually or along with one or more subsidiaries, the promoter company Vedanta Resources would acquire all fully paid-up equity shares that are held by public shareholders, the company said in an exchange notification.

“The idea is to further simplify the corporate structure so that we can service our debt better. With aluminium and oil prices remaining gloomy for too long and no one putting money in it, we (promoters) decided that it is best to delist,” Anil Agarwal,