Vedanta has got shareholders’ nod for voluntary delisting of equity shares from the NSE and BSE. The company obtained 93.3 per cent votes in favour of the proposal. Billionaire Anil Agarwal-owned Vedanta Resources will be buying out 48.94 per cent shares held by retail investors in Vedanta with an investment of ₹16,000 crore, depending on the final price. It had fixed the floor price for the buyback of shares at ₹87.5 apiece. However, the final price will be decided after the reverse book-building process is completed.
June 25, 2020
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