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VEDL - Vedanta News Story

₹122.8 0.1  0.0%

Last Trade - 07/08/20

Sector
Basic Materials
Size
Large Cap
Market Cap £4.62bn
Enterprise Value £7.40bn
Revenue £8.58bn
Position in Universe 64th / 3003

Vedanta Resources to delist Indian unit

Tue 12th May, 2020 4:32pm
May 12 (Reuters) - Vedanta Resources Limited said on Tuesday
it intends to delist its Indian unit Vedanta Ltd  VDAN.NS  from
all exchanges where its shares are listed, as it looks to
accelerate simplification of its corporate structure amid the
coronavirus crisis.
    The company said it was willing to accept shares tendered in
the offer at 87.5 Indian rupees ($1.16) per equity share, which
represents a premium of 9.9% over Monday's closing stock price.
    
($1 = 75.1350 Indian rupees)

 (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shinjini
Ganguli)
 ((tanishaa.nadkar@thomsonreuters.com; +919730172534; Twitter -
@TanishaaNadkar;))
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