The Vedanta Limited Delisting Fiasco

Snowflake IPO: A Rebound for the US Stock Market
Case Code: FINC176
Case Length: 12 Pages
Period: 2020
Pub Date: 2021
Teaching Note: Available
Price: Rs.250
Organization: Vedanta Limited
Industry: Metals & Mining
Countries: India
Themes: -
Snowflake IPO: A Rebound for the US Stock Market
Abstract Case Intro 1 Case Intro 2 Excerpts


On October 10, 2020, Vedanta Resources Limited (VRL), a diversified mining company based in London, UK, announced that it was unable to collect the number of shares required to delist its Indian subsidiary Vedanta Limited (VL). In a statement, VRL said, “Launching the delisting bid to garner approximately 134 crore shares was indeed a mammoth task. We saw enthusiastic participation by our shareholders that took us within striking distance of our goal, short by only 7 percent.”..

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