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VEDL - Vedanta News Story

₹124.05 0.7  0.5%

Last Trade - 9:56am

Sector
Basic Materials
Size
Large Cap
Market Cap £4.69bn
Enterprise Value £7.50bn
Revenue £8.67bn
Position in Universe 64th / 3000

BRIEF-Vedanta Resources Ltd Announces Intention To Voluntary Delist Vedanta Ltd To Simplify Corporate Structure

Tue 12th May, 2020 4:11pm
May 12 (Reuters) - Vedanta Ltd  VDAN.NS :
    * VEDANTA RESOURCES LIMITED - INTENTION TO VOLUNTARY DELIST
VEDANTA LIMITED TO SIMPLIFY CORPORATE STRUCTURE
    * VEDANTA RESOURCES LTD - BELIEVE DELISTING OF VEDANTA WILL
PROVIDE CO WITH ENHANCED OPERATIONAL, FINANCIAL FLEXIBILITY IN
CAPITAL INTENSIVE BUSINESS
    * VEDANTA RESOURCES LIMITED - HINDUSTAN ZINC LIMITED WILL
CONTINUE
TO BE LISTED IN INDIA
    * VEDANTA RESOURCES LIMITED - PRICE WILL BE DETERMINED IN
ACCORDANCE WITH REVERSE BOOK BUILDING MECHANISM SET OUT IN
DELISTING REGULATIONS
    * VEDANTA RESOURCES LIMITED - ON VEDANTA LTD DELISTING,
WILLING TO
ACCEPT EQUITY SHARES TENDERED IN OFFER AT PRICE OF INR 87.5 PER
EQUITY SHARE
    * VEDANTA RESOURCES LIMITED - DUE TO IMPACT OF VIRUS, HAVE
ACCELERATED STRATEGY TO ENSURE SUPPORT FOR MEANINGFUL
DELEVERAGING

Source text for Eikon:  ID:nRSL6815Ma 
Further company coverage:  VDAN.NS 

 ((Reuters.Briefs@thomsonreuters.com;))
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