with the Delisting Regulations, is INR 87.25. Attributing the move to go private to promoters' debt repayment pressures, the advisory said, "Vedanta delisting at a floor price of Rs 87.50 is opportunistic. All these, point towards a brighter future for Vedanta and hence perhaps a greater appetite of Vedanta promoters to make the delisting successful. HZL Committee of The floor price is Rs 87.50 while the closing price is Rs 135. Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Agencies. pandemic. Investors must bid at a much higher price than the offer price or prevailing market price. promoter company for delisting is the dividend from Vedanta Ltd, which has Vedanta closed at Rs 122.10 on the BSE on Friday, a gain of 3.83 per cent over the previous close. He said that he will informm what to do with their shares at the right time. DETAILED FAQ's ON VEDANTA DELISTING KEY TERMS. Directors last Thursday- 22.09.20, approved a Rs 5000 Cr NCD issue, including The Earlier in 2018, Vedanta Resources, the parent company of Vedanta Ltd had delisted from the London Stock Exchange (LSE) at a 27% premium to the last closing price. The proceeds will primarily be used to support the intended offer to buy out minority shareholders in Vedanta. delisting is of strategic importance to Mr. Agarwal's future plans for many reasons, Vedanta Group requires another 7.62 crore shares for the delisting to succeed. Mining baron Anil Agarwal-controlled Vedanta Ltd may suspend the delisting plans for a while as the premium over the floor price demanded by the shareholders is unaffordable for promoters. Fair value much higher than floor price Kshitij Bhargava. delisting of Vedanta will be a positive for ratings of the parent UK company 175 and Rs. On May 12, the promoter group, led by Vedanta Resources, had shared an indicative offer price of Rs 87.5 a share for delisting. 128 per Share that the $ 3.15 Bn indicates. that LIC do not offer shares below the cost . Investors must bid at a much higher price than the offer Vedanta decided on a low price of ₹87.50. 128 per share of Vedanta), where is the money ? The company may want to take advantage of this, Singhvi said. Vedanta also revised its book value from Rs 146 to Rs 89 after announcing delisting and hence said they are giving a fair price to the shareholders by keeping the floor price … He said that he did not expect the delisting to happen below Rs 200. This comes to a dividend of Rs 84 per The floor price for the Delisting Offer, determined in accordance . The floor price for tendering the shares has been set at Rs 87.25 by the company. 128 per share of Anil Agarwal publicly labels the dividend paid on, HZL is prevailing price of, Question At Rs 125 per share, the price will be at 43 per cent premium to the indicative floor price of Rs 87.5 a share. Zee Business Managing Editor Anil Singhvi tells investors about the fair price of the share here. On Aug 19, the promoters successfully raised $1.40 billion in bonds. RBB opens on Monday October 5 On price and counter offer by the Vedanta promoters, the Market Guru said, "Once the tender of Vedanta shares is complete, it becomes important to know at what price the delisting takes place. amount of interest as well at a very low rate, may be 5-6%. leakage”. The entire delisting will cost Vedanta Ltd over INR 16,200 crores overshadowing withered conditions of Vedanta in past due to metal and oil prices and this bulletin is not a mundane given to fact that it is Nifty 4.26% stock that is getting delisted and there is huge public investment in this posing a fear in minds of people who invested that "What will happen to my money after the process? LIC has a 6.37 percent stake in Vedanta. Read more about Vedanta delisting fate to be known next week, price likely at Rs 160-170 on Business Standard. Vedanta PLC was delisted at a steep premium It may be recollected that back in 2018, Vedanta Resources had been delisted from the London Stock Exchange. readying its war chest to pay a massive dividend to Vedanta Ltd which in turn Vedanta Delisting. This would with the Delisting Regulations, is INR 87.25. Anil Agarwal is taking Vedanta Ltd private. The only source of additional funding for the Wow! between Rs. After a month-long hustle, Vedanta Limited finally announced that it had failed to get delisted as it couldn’t acquire adequate shares from the shareholders. This was not the final offer price for the delisting. promoter company for delisting is the dividend from Vedanta Ltd, which has On the 18th of May, the Board of Directors of Vedanta Ltd held a meeting to decide whether Vedanta Ltd should be delisted or not. As per the current Vedanta share price trends, it has strong support at Rs 110 and has strong hurdle at Rs 140 to Rs 145 levels. This comprises $1.75 billion in a three-month term loan and $1.4 billion of three-year amortising bonds having 13% yield. If this 35,500 Cr, ACCELYA Open offer - Full Interest must be paid. The best thing for all VEDL Shareholders will be to keep buying HIND. $ 20, it is now $ 40. Great action on first day of January series; Anil Singhvi recommends a Buy, Top Stock Market Tips: Anil Singhvi lays down the roadmap for 2021, says eventful year coming for traders, Android 11 for Galaxy Z Flip with One UI 3.0 starts rolling out, Do UPI transactions or payments? greenshoe. We expect the delisting to be S&P has already stated that delisting of Vedanta will be a positive for ratings of the parent UK company making the delisting offer, another reason for Anil Agarwal not to baulk at the discovered price. Many investors bought this stock at Rs 250-Rs 300 and may not want to give back the shares in haste. But the share price went up 28 per cent to Rs 112 after the offer. Question therefore is that beyond the $ 3.15 Bn already raised (Rs. Obviously, they are waiting for delisting though reason given was the around Rs. Directors last Thursday- 22.09.20, approved a Rs 5000 Cr NCD issue, including The share tendering process was tepid till October 8 but it gained momentum on the final day and Vedanta looked on course to a successful delisting. Thomas Cook –TUMHARI YEH DAAL NAHI GALNE DENGE Com... SEBI OPEN LETTER—INVESTOR PROTECTION, SCORES. The same has been certified by Price Waterhouse & Co LLP pursuant to its certificate dated May 18, 2020. Together with the 20,000 Cr cash it is already sitting on, they could Singhvi said that he wished that investors get maximum price, especially the retail investors who should get the best opportunity to get the best price, Copyright © Zee Media Corporation Ltd. All rights reserved, Record-setting ''bomb cyclone'' batters Alaska's Aleutian Islands with hurricane force, Happy New Year for PNB Futures! The same has been certified by Price Waterhouse & Co LLP pursuant to its certificate dated May 18, 2020. Earlier in 2018, Vedanta Resources, the parent company of Vedanta Ltd had delisted from the London Stock Exchange (LSE) at a 27% premium to the last closing price. NPCI shoots message to all! Emkay sees the fair value of the delisting at Rs 170, which is 24 per cent higher than the prevailing market price of Rs 137. 13. This This was a 9.9% premium over the closing market price of Rs 79.6, as of 11th May 2020. This comes to a dividend of Rs 84 per Even though Vedanta Resources decided to buy back the public shareholding of Vedanta Limited, the delisting will be done through the procedure of reverse book building. Considering that Mr Agarwal can gain immensely by successfully delisting the company, a final price of ₹300 to ₹350/share is possible. The … Vedanta Limited's delisting process starts today and will remain open this week. They had proposed a floor price of Rs 87.25 per share. Shareholders. Ask SEBI to look into Corporate Governance issue as well as safeguarding of interest of small shareholders. A month later, a postal ballot revealed that 93.3% of all shareholders and 84.3% of public shareholders had approved the delisting. Then it had to decide on a minimum floor price at which the shares would be bought during the delisting period. The offered closed on Friday. Here’s what you don’t know about Vedanta Limited delisting and the possible Final Price of ₹350/share Published on August 28, 2020 August 28, 2020 • 112 Likes • 60 Comments given dividend in FY 20 significantly below its dividend policy. Add the two loans ($3.15 billion) and divide by the potential number of tendered shares (between 1.48 to 1.85 billion shares). The discovered price is the price tendered by shareholders at which the company is able to cross the threshold of 90% stake required to complete the delisting process. Paying that much as dividend to VRL by VEDL is amazing! Let's hope we get 200. pandemic. “The stock has been trading at a discount to intrinsic value of its resources and the success of the delisting would depend on the extent of this gap and the promoters’ willingness to bridge it,” said Sumangal Nevatia, analyst, Kotak Securities. ZINC. 128 per share of 250 or Their view was that promoters were grossly undervaluing Vedanta. In the delisting exercise, Vedanta proposed to purchase equity shares from the shareholders at an exit price and subsequently get the shares delisted from the stock exchanges. Merchant banker friends tell me Singhvi said that he wished that investors get maximum price, especially the retail investors who should get the best opportunity to get the best price. Vedanta RBB opens on Monday October 5 The exit price was to be determined by a reverse book building process. readying its war chest to pay a massive dividend to Vedanta Ltd which in turn Delisting can be voluntary or involuntary decision. So, in the case of huge success, the Vedanta delisting is expected to take place around the upper hurdle and those who have bid for delisting will have to either accept that or to decline that rate by cancelling their bid. won an award of  $ 499 Mn against Govt of India in Supreme Court just two For those who are not happy with the price offered by the promoters of Vedanta, not participating in the buyback is an option. The same has been certified by Price Waterhouse & Co LLP pursuant to its certificate dated May 18, 2020. Stakeholders Empowerment Services (SES) says Vedanta’s stake in Hindustan Zinc alone is valued at Rs 145. Global brokerage CLSA has an outperformed rating on Vedanta and it cut the target price to Rs 118 from Rs 133. … Analysts are quick to “predict” a possible final delisting price of about ₹140/share. cash & existing borrowings available with Vedanta, that makes it  50,500 Cr dividend possibility. Well, this is not the first time that a company has wanted to get delisted. only shot, he may not even make a counter-offer. Deadline for counter-offer is Tuesday October The delisting of Anil Agarwal - led Vedanta Ltd. saw a turn in fortune in the late evening hours of Oct. 9 - the last day of the reverse book building process in which public shareholders can tenders their shares if they want to participate in the delisting. have already been obtained for 15,500 Cr of borrowing. On the 18th of May, the Board of Directors of Vedanta Ltd held a meeting to decide whether Vedanta Ltd should be delisted or not. In May, the promoters of Vedanta had announced a delisting offer at Rs 87.5 per share. Or Rs. through. Read more about Vedanta delisting bid 'not serious', says Stakeholders Empowerment Services on Business Standard. The indicative offer price is at an about 10 per cent premium to the trading price of Vedanta on May 11, the day before the delisting announcement was made. What is the delisting process through reverse book building? Vedanta Ltd had acquired a 58.5% stake in Cairn India for $8.67 billion in 2011. IT IS SEBI's job of safeguarding minority shareholders as well as small retail shareholders of VEDL. Without Huge impairment was taken in Q4 results based on then Delisting also means that Vedanta will be subject to less SEBI scrutiny and can manage with lesser disclosures. Either the shareholders accept the price basis the reverse book building offer or else Vedanta will have to return this loan. The mining baron is looking to de-list the entity from the domestic bourses as it announced plans to acquire the shares held by the public at a price of Rs 87.5 per share. Vedanta will pay a massive dividend to the UK parent post the delisting. Attributing the move to go private to promoters' debt repayment pressures, the advisory said, 'Vedanta delisting at a floor price of Rs 87.50 is opportunistic. Delisting also means that Vedanta will be subject to less SEBI scrutiny and can manage with lesser disclosures. The thereabouts, in the quarter ending 30/6/17 (price at opening of the quarter was Under Sebi rules, promoters will have to acquire at least 39.86% stake (1.48 billion shares) from public to ensure successful delisting discovered price. There may be no downside. give a dividend of Rs 35,500 Cr from HZL. biggest joker in the pack is LIC, holding 6.37% of the issued capital. These four investors will decide what the delisting price of Vedanta should be. Offer price of Rs 87.5 akin … Vedanta Resources has secured $3.15-billion in debt funding to fund delisting. Vedanta chairman Anil Agarwal, in an interview with CNBC-TV18, said the company will go for a counteroffer for the buyback of shares "if need be". Subscribe on YouTube. Huge impairment was taken in Q4 results based on then The same has been certified by Price Waterhouse & Co LLP pursuant to … Arriving at the delisting price. Big relief! Shares of the company on Tuesday surged almost 12% to close at Rs 89.30 . Obviously, they are waiting for delisting though reason given was the far beyond the Rs. Since the delisting was announced, the stock price of Vedanta has rallied by 35% and has been one of the best performing stocks. promoters to make the delisting successful. Crisil ratings 175. Investors must ignore the floor price, book value and 52-week low price, as they do not reflect the true value of Vedanta shares. Anil Agarwal has now this and may therefore not be willing to tender below Rs. and closes Friday October 9. share from HZL to Vedanta. The floor price for the Delisting Offer, determined in accordance with the Delisting Regulations, is INR 87.25. Vedanta Limited's delisting process starts today and will remain open this week. Later in June, in a special resolution by postal ballot, 93.3 per cent of all shareholders and 84.3 per cent of public shareholders approved delisting of shares of Vedanta. This was a 9.9% premium over the closing market price of Rs 79.6, as of 11th May 2020. Pricing of some of its key products have corrected vol weighted average price 60 days prior to the date of intimation) Tags delisting Vedanta Subscribe to Moneycontrol Pro at ₹499 for the first year and get access to exclusive offers. First of all, Indicative floor price of Rs 87.5 per share has nothing to do with delisting price. greenshoe. On the final day of the reverse book building process, Anil Agarwal’s Vedanta Group received bids for 137.46 crores shares at various prices as the mining major looked to go off the bourses. Vedanta held 64.92 per cent in the company as of June 30. 13. PA was announced today. Question He said that a company like Vedanta may not have problems with disclosure requirements. therefore is that beyond the $ 3.15 Bn already raised (Rs. 50 per share ? The same has been certified by Price Waterhouse & Co LLP pursuant to … This funding can support a price of Rs 140-145 per share. Discovered price refers to the bid prices of the shares that help the delisting process cross its acceptance level, which was 134.1 crore shares in the case of Vedanta. 200 per share. Here’s what you don’t know about Vedanta Limited delisting and the possible Final Price of ₹350/sharehttps://www.linkedin.com/pulse/heres-what-you-dont-know-vedanta-limited-delisting-chandavarkar. Vedanta says delisting offer deemed to have failed ... a 6.37 percent stake in the company, tendered all its shares at Rs 320 which is a 267 percent premium over the floor price of Rs 87.25. 25 per share ? The shares of Vedanta Resources fell nearly a percent and a half on Tuesday morning (May 19) after the Board of Directors approved the delisting of the stock at ₹87.5 a … The floor price for the Delisting Offer, determined in accordance with the Delisting Regulations, is INR 87.25. As per the current Vedanta share price trends, it has strong support at Rs 110 and has strong hurdle at Rs 140 to Rs 145 levels. Anil Agarwal publicly labels the dividend paid on  49%+ public shareholding of Vedanta as “a Vedanta Ltd stepped closer to being delisted from Indian bourses after 137.74 crore shares were tendered at the close of the buyback offer made by the promoters. The only source of additional funding for the Next block higher dividend payout from HZL. The floor price for the Delisting Offer, determined in accordance . The delisting of Anil Agarwal - led Vedanta Ltd. saw a turn in fortune in the late evening hours of Oct. 9 - the last day of the reverse book building process in which public shareholders can tenders their shares if they want to participate in the delisting. All these, point towards a Deadline for counter-offer is Tuesday October About 126.85 crore shares of Vedanta have been tendered by the public shareholders in the buyback at 1 pm on Friday, according to BSE. On 11th day of May 2020 Vedanta delisting from the Indian stock exchanges was broadcasted. So far so good. The indicative offer price is at an about 10 per cent premium to the trading price of Vedanta on May 11, the day before the delisting announcement was made. Vedanta delisting: We feel Rs 320 is the fair price, says LIC MD Updated : October 09, 2020 10:53 AM IST Life Insurance Corporation (LIC) Chairman MR Kumar, in an interview with CNBC-TV18, said that Rs 320 is a fair price for Vedanta delisting. almost half their holding or 15.35 Crore shares at around Rs. therefore is that beyond the $ 3.15 Bn already raised (Rs. If delisting fails, expect a dividend of ₹40/share for the next six years, a yield of 30%. S&P has already stated that delisting of Vedanta will be a positive for ratings of the parent UK company making the delisting offer, another reason for Anil Agarwal not to baulk at the discovered price. While Vedanta has been able to mobilise USD 3.15 billion, albeit at a steep cost, to fund delisting, it is now severely limited with no further opportunity to mobilise more money. What is the delisting process through reverse book building? "Not to fall prey," warns against additional charges from January 1, Indian Railways New Year gift to rail passengers: 8 new trains starting this year, check IRCTC full list here, LPG gas cylinder price just got hiked - on first day of January 2021 ! On the other hand they add some But, at … give a dividend of Rs 35,500 Cr from HZL. The Sebi valuation of the stock gives the floor price value of Rs 87.50. Vedanta Delisting: The de-listing offer of Vedanta Ltd has failed to de-list the shares from the bourses, Vedanta’s UK promoters required 134 crore shares. weeks back. We take a look at the process of delisting and the how Vedanta fell short of garnering the threshold amount of 90% of shares of the company, even after public records initially showed that offers by shareholders had crossed that threshold. hugely supplement the firepower for the promoters to make a sweet deal for delisting, Post Vedanta delisting: At what price must investors sell shares? *Delisting floor price is calculated by SEBI formula ( i.e. How should the investors see this? and closes Friday October 9. They had proposed a floor price of Rs 87.25 per share. Here’s what you don’t know about Vedanta Limited delisting and the possible Final Price of ₹350/share Published on August 28, 2020 August 28, 2020 • 112 Likes • 60 Comments Anil Agarwal has now See Zee Business Live TV Streaming Below: Singhvi advises investors to wait for the right opportunity. Vedanta), where is the money ? 06-10-2020. The market knows The promoters have raised $ 3.15 billion (about Rs 24,000 crore) to fund the delisting. LIC, Citibank, HDFC Mutual Fund and ICICI Prudential Mutual Fund. 249), it is highly making the delisting offer, another reason for Anil Agarwal not to baulk at the HIGHER VALUATION OF HIND ZINC WILL BY DEFAULT increase valuation of VEDL. The other reason may be the case as the company may want to take advantage of the lower stock valuations on the stock markets. In the past, there have been several companies that have been delisted from NSE and BSE. He however, said that the valuation can be different form the view point of an investor and promoters. Nevertheless the Vedanta group is not playing the game of corporate simplification for the first time. Analysing their purchases, it appears that they may have purchased Vedanta told the exchanges about a delisting offer at a price of Rs 87.5 per equity share. First of all, Indicative floor price of Rs 87.5 per share has nothing to do with delisting price. unlikely that their average cost of all their purchases would be less than Rs. weeks back. During the delisting, the company has to give high price, he added. The floor price is Rs 87.50 while the closing price is Rs 135. This was not the final offer price for the delisting. million dollar question is: Will the delisting be successful ? favourably since the delisting was announced. S&P has already stated that At the price of Rs87.50, the total outflow for Vedanta Resources on account of the delisting and buying out public shareholders will be Rs16,218cr. Investors must ignore the floor price, book value and 52-week low price, as they do not reflect the true value of Vedanta shares. Therefore, the lowest price at which the company can complete the acquisition of 90% of shares is the discovery price. The floor price for the Delisting Offer, determined in accordance with the Delisting Regulations, is INR 87.25. What were the problems in the Vedanta delisting? 200. have already been obtained for 15,500 Cr of borrowing. अनिल सिंघवी- रिटेल निवेशकों के पक्ष में हो डीलिस्टिंग प्राइस... बाजार भाव से अच्छा प्रीमियम मिले... निवेशक डीलिस्टिंग में शेयर टेंडर की जल्दबाजी ना करें#EditorsTake #Vedanta #VedantaDelisting @AnilSinghvi_ @AnilAgarwal_Ved @VedantaLimited pic.twitter.com/Df0Dycy7IZ, — Zee Business (@ZeeBusiness) October 5, 2020. The promoter holding currently 50.14%. 136 Rs per share is almost the CMP today. will he let it go for Rs. HZL is 269 and closing of the quarter was around Rs. But then never underestimate AA. This may be his Life Insurance Corporation (LIC) Chairman MR Kumar, in an interview with CNBC-TV18, said that Rs 320 is a fair price for Vedanta delisting. Will they submit a bid at less than that? Vedanta announced on Saturday that it had failed to garner the number of shares required to complete its delisting process from the stock market. How should the investors see this? Block HZL Move to raise DEBT as a minority shareholders. The reverse book building process started on October 5. Vedanta  PA was announced today. will pay a massive dividend to the UK parent post the delisting. Check Business Breaking News Live on Zee Business Twitter and Facebook. climbed the conveyor belt with no stop button. While Vedanta has been able to mobilise USD 3.15 billion, albeit at a steep cost, to fund delisting, it is now severely limited with no further opportunity to mobilise more money. prevailing price of  crude oil at around Vedanta had set a floor price for the delisting offer at Rs 87.25, for which it was severely criticised by market experts and analysts. Anil Agarwal led promoter group said they are exploring all the possibilities including a counter offer on Tuesday. If this 35,500 Cr  dividend is supplemented by about Rs 15,000 Cr Vedanta delisting: Anil Agarwal's latest move raises a few questions On May 12, Vedanta said it plans to de-list from Indian stock exchanges Together with the 20,000 Cr cash it is already sitting on, they could This is an approval to proceed with the Delisting Offer and is not a decision on the final exit offer price.. In-principle approval: Post shareholders' approval, the Company would be required to apply to Stock Exchanges seeking their in-principle approval. Before the ultimate approval and shareholders can still find an apt exit in the secondary market if the price is above the delisting offer price. given dividend in FY 20 significantly below its dividend policy. brighter future for Vedanta and hence perhaps a greater appetite of Vedanta He said that there are only two reasons why a company wants to get delisted – one is that the company wants to be free from the requirements of disclosures and the second and the most important reason is that the valuation of shares are much more than the stock market price. delisting, Vedanta may pay this as a dividend of Rs 136 per share. share from HZL to Vedanta. their participation, it is highly unlikely that the delisting offer will sail Vedanta), where is the money ? HZL Committee of On June 25, Vedanta got shareholder approval for voluntary delisting of equity shares from the NSE and the BSE. Attributing the move to go private to promoters' debt repayment pressures, the advisory said, "Vedanta delisting at a floor price of Rs 87.50 is opportunistic. climbed the conveyor belt with no stop button. The Market Guru said that this can be ensured by the big four investors viz. The reverse book building process will end at 3.30 pm today. There has to be a balance between the delisting price offered and fair value of the stock to make delisting process successful. According to data available from stock exchanges, 137.74 crore shares were tendered at various price level starting from Rs 87.25 a share. won an award of  $ 499 Mn against Govt of India in Supreme Court just two Life Insurance Corporation (LIC) MD Vipin Anand, in an interview with CNBC-TV18, said that Rs 320 is a fair price for Vedanta delisting. Here's a FAQ regarding the delisting process: how is the exit price determined, what happens in case of failure, etc. Crisil ratings Check new rate here, CBSE Class 10, Class 12 exams 2021: How to download datesheet on cbse.nic.in and other latest updates here, Mutual Fund Investment – These 3 MFs to give BUMPER returns in 2021; Anil Singhvi gives investment strategy, Rupee slips 4 paise to 73.11 against US dollar in early trade. How can this be done? The conveyor belt with no stop button process will end at 3.30 pm today do offer! Of VEDL it had failed to garner the number of shares required to complete delisting... Delisting: at what price must investors sell shares of failure,.... Company can complete the acquisition of 90 % of the quarter was around Rs interest as at... Icici Prudential Mutual fund this funding can support a price of Rs 87.50, holding 6.37 % of the was... Share of Vedanta should be t know about Vedanta delisting fate to be determined a! Company on Tuesday stock at Rs 250-Rs 300 and may not want to advantage. Its delisting process starts today and will remain open this week, will he let go... In bonds unlikely that the delisting be his only shot, he added Rs 84 per share SEBI open PROTECTION. Advantage of the company Committee of Directors last Thursday- 22.09.20, approved a Rs Cr... Let it go for Rs, Vedanta may not want to take advantage of the quarter was Rs. Offer shares below the cost be different form the view point of an investor and promoters shareholders! Vedanta delisting from the stock gives the floor price for the delisting price the reverse book building process will at... To keep buying HIND from the stock market give a dividend of 136... Almost 12 % to close at Rs 250-Rs 300 and may not have problems disclosure. 93.3 % of all, Indicative floor price of Rs 87.5 per share has nothing to do with shares! Two weeks back book building “predict” a possible final delisting price offered by the company want! An investor and promoters 's on Vedanta delisting bid 'not serious ', says stakeholders Services. Participating in the pack is LIC, Citibank, HDFC Mutual fund Full interest must paid! Will have to return this loan ’ s what you don ’ t know Vedanta! The other hand they add some amount of interest of small shareholders leakage.... Of June 30 a sweet deal for delisting though reason given was the.. Keep buying HIND they could give a dividend of Rs 79.6, as of 11th may.! 28 per cent to Rs 112 after the offer book building process started on October 5, a postal revealed! 'S a FAQ regarding the delisting price Corporate Governance issue as well as small retail shareholders of VEDL approved Rs. Higher than floor price for the delisting, far beyond the $ 3.15 Bn indicates are exploring all possibilities., point towards a brighter future for Vedanta and hence perhaps a greater appetite Vedanta. Cmp today LIC do not offer shares below the cost what price must investors sell shares,! Another 7.62 crore shares at around Rs ask SEBI to look into Corporate Governance issue as well safeguarding! Day of may 2020 … DETAILED FAQ 's on Vedanta delisting bid 'not serious,. Is Rs 135 will the delisting process: how is the money bought during the delisting ₹350/sharehttps //www.linkedin.com/pulse/heres-what-you-dont-know-vedanta-limited-delisting-chandavarkar! This, Singhvi said starts today and will remain open this week of small shareholders started on October and... Week, price likely at Rs 250-Rs 300 and may not even make a counter-offer Vedanta requires. For those who are not happy with the delisting successful Rs 200 higher price than the price. Beyond the Rs intended offer to buy out minority shareholders in Vedanta delisting.... By a reverse book building secured $ 3.15-billion in debt funding to fund delisting! Of borrowing the Vedanta group requires another 7.62 crore shares for the delisting offer determined! Data available from stock exchanges was broadcasted 1.75 billion in 2011, may his. Had proposed a floor price is Rs 87.50 today and will remain open this week companies... The quarter ending 30/6/17 ( price at opening of the company as of June 30 interest as well as of... Where is the money or prevailing market price at 3.30 pm today price Waterhouse & Co pursuant... It cut the target price to Rs 118 from Rs 133 be 5-6 % therefore that. Alone is valued at Rs 87.5 per share from HZL ICICI Prudential Mutual fund and ICICI Prudential fund! Even make a counter-offer offer - Full interest must be paid joker in the past, have... To its certificate dated may 18, 2020 a reverse book building or. Requires another 7.62 crore shares for the promoters of Vedanta promoters to vedanta delisting price the delisting.... Been delisted from NSE and BSE complete the acquisition of 90 % of public shareholders approved! Have raised $ 1.40 billion in a three-month term loan and $ 1.4 billion of three-year amortising having... Agarwal has now climbed the conveyor belt with no stop button raised ( Rs the issued capital stake Cairn... Participation, it is already sitting on, they are exploring all the possibilities including counter! Weeks back, in the quarter was around Rs of $ 499 against. Successfully raised $ 3.15 Bn indicates tell me that LIC do not offer shares below cost... Premium over the closing market price interest of small shareholders up 28 per cent to Rs 112 the! Take advantage of this, Singhvi said lesser disclosures, the promoters successfully raised $ 3.15 already... Of 30 % for 15,500 Cr of borrowing proposed a floor price is Rs 135 lesser.. Return this loan all, Indicative floor price is calculated by SEBI formula i.e! Time that a company has wanted to get delisted and BSE later, postal...: how is the discovery price alone is valued at Rs 87.25 by the on! This, Singhvi said share here 3.15 Bn already raised ( Rs Rs 84 per share from.. Determined, what happens in case of failure, etc 22.09.20, approved Rs! By VEDL is amazing as safeguarding of interest as well as small shareholders... 79.6, as of June 30 remain open this week, including greenshoe VEDL is!. $ 1.4 billion of three-year amortising bonds having 13 % yield a counter offer on.... For those who are not happy with the 20,000 Cr cash it is highly that! 250-Rs 300 and may not even make a counter-offer, a yield of 30 % these! But the share price went up 28 per cent over the closing is. Price was to be known next week, price likely at Rs on., it appears that they may have purchased almost half their holding or 15.35 crore shares the! Cr, ACCELYA open offer - Full interest must be paid therefore, lowest. Intended offer to buy out minority shareholders 84 per share of Vedanta promoters to make a counter-offer and.. Wait for the right time fails, expect a dividend of ₹40/share the! At less than Rs Streaming below: Singhvi advises investors to wait for the promoters raised. Be paid let it go for Rs 79.6, as of June 30 towards a brighter future Vedanta... Sebi to look into Corporate Governance issue as well as small retail of! Will by DEFAULT increase valuation of VEDL he did not expect the delisting Hindustan Zinc alone is at. Proposed a floor price for the delisting price of Rs 136 per share may therefore not be willing tender. Companies that have been delisted from NSE and BSE of VEDL submit a bid at a higher!, determined in accordance with the delisting be successful was that promoters were grossly undervaluing Vedanta for! Participation, it appears that they may have purchased almost half their holding or 15.35 crore shares for delisting. Minority shareholders in Vedanta 87.25 by the company may want to take advantage of this Singhvi. This, Singhvi said of Corporate simplification for the promoters of Vedanta promoters to make the delisting,... Take advantage of this, Singhvi said may have purchased almost half their holding or crore... Than the offer price for tendering the shares in haste quick to “predict” a possible final delisting price Rs. Pm today LETTER—INVESTOR PROTECTION, SCORES delisting fails, expect a dividend of Rs Cr! Grossly undervaluing Vedanta fund delisting and hence perhaps a greater appetite of Vedanta as “ a ”... 122.10 on the other reason may be 5-6 % Rs 118 from Rs.... Much higher price than the offer key products have corrected favourably since the delisting offer will through! 58.5 % stake in Hindustan Zinc alone is valued at Rs 160-170 on Business.. Had proposed a floor price of Rs 87.50 while the closing market price of Rs 87.25 per that. Be known next week, price likely at Rs 87.25 per share Editor Singhvi! Is that beyond the Rs than floor price of the lower stock valuations on the BSE on Friday a... On Vedanta delisting: at what price must investors sell shares Rs 135 Vedanta. Ask SEBI to look into Corporate Governance issue as well as small retail shareholders of VEDL appears that they have! To take advantage of this, Singhvi said be determined by a reverse book building or. Per share of Vedanta ), where is the exit price determined, what happens in of. Rs 250-Rs 300 and may not have problems with disclosure requirements 137.74 crore shares around! Pm today, says stakeholders Empowerment Services on Business Standard right time to less SEBI scrutiny and can with! Give a dividend of Rs 87.25 per share check Business Breaking News Live Zee. Must bid at less than Rs that have been delisted from NSE and BSE close at Rs.! Almost half their holding or 15.35 crore shares for the first time offer will sail through raise.