The Vedanta Limited Delisting Fiasco
| 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: - |
Abstract Case Intro 1 Case Intro 2 Excerpts
Introduction
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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