SEBI said the committee of independent directors will be required to provide their reasoned recommendations on the delisting proposalPromoter or acquirer will be required to disclose their intention to delist the company by making an initial public announcement
2 min read14 Jun 2021In May, the promoters of Vedanta had announced the delisting offer at ₹87.5 per share.
3 min read13 Oct 2020Vedanta Resources Ltd said it has raised USD 1.4 billion (around ₹10,500 crore) via bonds, which would be primarily used to fund the delisting of its Indian flagship firm
2 min read20 Aug 2020Funding used by the parent to purchase shares in subsidiary will determine the group's post-privatisation capital structure and ultimately the financial profile of the group
2 min read11 Jun 2020On Monday, Hexaware shares traded at ₹329.90, up 6% from previous close. They had hit 20% upper circuit on Friday when the company had announced its intention to delist the stock
1 min read8 Jun 2020Vedanta’s stock has taken a beating, much like other commodity players, during the covid-19 pandemic which saw lockdowns across countries leading to a slowdown in economic activity and thus demand for commodities
2 min read8 Jun 2020The delisting process may not get votes of public minority shareholdersThe delisting process needs a majority of the public shareholders to vote in favour of it
2 min read21 May 2020Vedanta has offered public shareholders, who collectively hold 49% stake in the company, a price of ₹87.5 per share for rendering their shares in the offer
1 min read21 May 2020Promoters will be allowed to make counter offers to shareholders. If the offer is accepted, delisting will be treated as successful
1 min read20 Nov 2018Of the 12 largest blocks in S&P 500 Index companies today, nine of them were attributed to GEthat is 24.3 million shares worth $196 million
1 min read13 Nov 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared