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VEDL - Vedanta News Story

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Sector
Basic Materials
Size
Large Cap
Market Cap £4.64bn
Enterprise Value £7.42bn
Revenue £8.61bn
Position in Universe 63rd / 3002

RCS - Vedanta Resources - Update on Vedanta Limited delisting transaction

Fri 26th June, 2020 7:00am
RNS Number : 1978R
Vedanta Resources Limited
26 June 2020
 

 

 

26 June 2020

VEDANTA RESOURCES LIMITED

 

UPDATE ON VEDANTA LIMITED DELISTING TRANSACTION

 

The Board of Vedanta Resources Limited ("VRL") notes the approval by the shareholders of Vedanta Limited ("Company") of its delisting proposal and is grateful for their support. 

 

VRL is in the process of arranging the financing for the delisting. We expect this to be concluded in the coming weeks, at which stage the Company will apply to the stock exchanges for approval to proceed with the delisting process. 

 

VRL will make further public announcements at the appropriate time. 

 

For further information, please contact:

James Cartwright

Head - Investor Relations

jc@vedantaresources.com

 

 

For further information, please contact:

Communications


Roma Balwani

Head, Corporate Communications

Tel: +91 124 459 3000

gc@vedanta.co.in

 


About Vedanta Resources

Vedanta Resources Limited ("Vedanta") is a diversified global natural resources company. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia and South Africa. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of trust, sustainability, growth, entrepreneurship, integrity, respect and care. For more information on Vedanta Resources, please visit www.vedantaresources.com 

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and/or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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