The hair cut amount will be converted to equity shares. DETAILED FAQ's ON VEDANTA DELISTING KEY TERMS. Number of shares = … The stock was trading at around Rs 100 in June 2014, when the delisting was announced. How should the investors see this? "All equity shares tendered in the delisting offer shall be returned to the respective public shareholders," Vedanta further announced. The company will now remain listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), the company said in a regulatory filing. Vedanta will be allotted 176.55 crore shares, taking its shareholding to 90 percent. Number of shares = 196.15 croreFace Value: Rs 10 per share. Those 100 shares, of face value Rs 10 each, will get reduced to 100 shares of face value 20 paise each. Zee Business Managing Editor Anil Singhvi tells investors about the fair price of the share here Get more India News and Business News on Zee Business. If you bought the shares more than the offer price i.e. Thereafter, Vedanta will pay existing shareholders 9.54 paise per share to exit the company ie: delist it. Below is the timeline on how the process will play out. 255 per share (present market price at Rs. Vedanta Limited's delisting process starts today and will remain open this week. 32,000 crore, taking value at Rs. Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading Oil & Gas … However, delisting often accompanies bankruptcy or significant financial distress for a company. Vedanta Ltd has informed BSE that the Company has fixed October 22, 2018 as the Record Date for the purpose of Redemption & Dividend on Preference Shares. Once the Final Settlement between CoC and Vedanta is approved by NCLT ...we will know what happens to existing investors ..AA and creditors will take most of the shares ... overseas oil assets are not a part of the deal so being sold ..Dhoot is going to sit at home with his money and plan .. … Pl advise what action needs to be taken now or later regarding delisting of Vedanta shares held by me in De mt for, @2 Would they remit the value of the hares directly into my demat linked SB account. Vodafone Idea shares surged as much as 48 per cent to Rs 4.49 apiece on BSE in Wednesday’s trade following the reports that the government is unlikely to … Billionaire metals and mining magnate Anil Agarwal on May 11 announced a proposal to delist Vedanta from the Indian stock exchanges with promoter group Vedanta Resources making an offer to buy out the 48.94 percent non-promoter shares at Rs 87.5 per share, which represents a premium of Rs 9.9 percent over its May 11 closing market price. Vedanta failed to complete its delisting process as promoters failed to secure the required number of shares the end of reverse book building process. On Thursday 56.6 crore shares were offered. However, the promoters can make a counter-offer within two working days. 255 per share (present market price at Rs. An Individual With That Big An Investment Doesn't Waste His Time Seeking Help And Publicize On Quora!!! Vedanta Star’s resolution plan for Electrosteel involves an equity and debt infusion amounting to Rs 5,320 crore. It was a time of trouble and Vedanta soared. Most numbers of 21.51 crore shares were offered at a price of Rs 160 per share, followed by 18.9 crore shares at Rs 145 and another 10.87 crore shares being offered at a price of Rs 153 apiece. Indian-based metals and mining group Vedanta Resources said on Thursday it will fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to third parties. The promoter of this company tried to cheat the retail investors by trying to delist this share at a very low price but fortunately failed. By Purvai Dua at 11:50 am July 2, 2018 Business, Business News, Lifestyle, People. During mergers, one company may exchange its shares for shares in the company that acquired it, and any shareholders will have their shares converted, as well. How investors will see it and what impact will the development have on the price of Vedanta stocks is a question everybody wants to know about. Bloomberg | Quint is a multiplatform, Indian business and financial news company. Vedanta Resources has denied allegations that it is involved in acts of sabotage at Konkola Copper Mines and has described the claims as baseless. According to data available from stock exchanges, 137.74 crore shares were tendered at various price levels starting from Rs 87.25 a share. The stock slump comes after investors voiced their disapproval of … You Are Holding 60 Lacs Of Vedanta Shares!!! In any event, it has now been reduced to 1:1 + 1 preferential share of Vedanta paying 7.5% annual dividend, for 1 share of Cairn. One, acquiring residual stake of 29.59%, held by the Central Govt in Hind Zinc, being 124.80 crore shares, would have required Rs. It further added its American Depository Schemes will remain listed on the New York Stock Exchange (NYSE) and its equity shares will remain registered with the Securities and Exchanges Commission (SEC) in the US. All equity shares tendered in the delisting offer shall be returned to the respective public shareholders, Vedanta announced; no final application will be made to stock exchanges for delisting. Vedanta’s decision to delist follows Vedanta Resources, one of the promoter group firms, making an indicative offer of Rs 87.50 to buy out all the public shareholders in the company. 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. Unfortunately for Vedanta, that’s exactly what happened. Of the 1,425 crore shares held by public shareholders, the promoters acquired 1,010 crore shares through the offer, against the requirement of 926 crore for the delisting to be successful. 3. What happened. Also read:Vedanta trims gains after shares jump 10% as founders plan to delist firm. Vedanta promoters wanted to buy out 169.73 crore shares or 47.67 per cent stake held by the public to delist the firm. Most people were tendering at 150-160 but LIC, which owns a large chunk of shares, offered them at 320. 3515 cr. (Bloomberg) -- A unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group, as the mining conglomerate looks … A furnace strikes sparks on a red hot steel beam inside a plant. The holding company — Vedanta Resources — has proposed to acquire all fully paid-up equity shares of the company that are held by public shareholders at an indicative offer price of … At this point Vedanta will infuse Rs 1,805 crore towards fresh equity. Vedanta Resources has denied allegations that it is involved in acts of sabotage at Konkola Copper Mines and has described the claims as baseless. That’s the bad news. And that the government desires to take over the running of this mine is not a queer move – it has happened before and things were just fine! I first heard something like 1.1 shares of Vedanta for 1 share of Cairn. What Happens When I Don't Tender My Shares?. Most people were tendering at 150-160 but LIC, which owns a large chunk of shares, offered them at 320. 1. 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