SUBSIDIARY DELISTING
Vedanta Resources’ liquidity buffer will be depleted by March 2021 amid its failed delisting: Moody’s“VRL’s failed bid is a credit negative. The takeover would have significantly improved the holding company VRL's cash flow and liquidity,” ...
- Moody's places Vedanta Resources rating under review for downgrade
The ratings agency has placed under review for downgrade the B3 rating on the senior unsecured bonds issued by Vedanta and those issued by ...
- Anil Agarwal plans to move $1 bn from listed Vedanta as loans
Limited disclosures raise corporate governance questions; Group debt at $15 bn, Cairn already paid $310 mn shows co records
- What should you do with your Vedanta shares now?
Analysts believe commodity prices have been recovering, which bodes well for the company. Meanwhile, what the company will do with $3.15 bi...
- Confusion over Vedanta shares tendered for delisting; some see buying opportunity
While many shareholders said they have not received the shares that they had tendered back in their demat accounts, a prominent Dalal Stree...
- Vedanta hits lower circuit as delisting plan fails
Vedanta shares were down 9.99 per cent at Rs 109.90 on the BSE, while benchmark Sensex was up 324.14 per cent at 40,879 points.
- Vedanta delisting fails; company to return all the shares tendered
The total number of shares validly tendered by the public shareholders in the delisting offer is 125.47 crore, which is less than the minim...
- Twist in Vedanta delisting after LIC raises cost
The development compounds the problem for Vedanta already grappling with the possibility of a counter offer after a late intervention in th...
- Vedanta delisting kicks off: Investors’ lobby suggests bid price at Rs 236-310
Reverse book building is a mechanism to determine the share price for delisting of a stock. Shareholders, who wish to participate in the de...
- Sebi eases rules for delisting of listed subsidiaries
Companies have been exempted from doing a reverse book building—a process followed to decide on a price that has to be paid to public share...
- Sebi announces slew of measures on delisting of subsidiaries, role of debenture trustees
Sebi has also approved the proposal of strengthening the role of debenture trustees (DTs) to protect the interest of debenture holders.
- Vedanta gets in-principle approval for delisting from NSE, BSE
The company fixed October 5 as bid opening date for delisting offer and October 8 for upward revision or withdrawal of bids.
- After Hexaware's successful delisting, now all eyes are on Vedanta
Hexaware public shareholders who have tendered their equity shares at or below the exit price will be paid a consideration of Rs 475 per sh...
- Vedanta moves Sebi to get nod to start reverse book building for delisting
The company had in May announced plans to delist Vedanta Ltd from the Indian stock exchanges by buying out non-promoter shareholding.
- Ineos Styrolution delisting failure to have bearing on other ongoing delistings
This was the first time, provision of counter-offer was used by any promoter under the Delisting Regulations, which allows the promoter to ...
- Fitch places Cairn India Holdings on Rating Watch Negative on delisting plan
Cairn India Holdings Ltd (CIHL) , a subsidiary of Vedanta, was rated 'B+' by Fitch.
- Delisting may create governance issues in companies : Fitch
Completion of delisting is subject to the final price and the ability of the parent, it said.
- Vedanta's board approves delisting proposal, seeking shareholders approval
The board also approved Vedanta's plan to seek shareholders approval for delisting proposal.
- Delisting of subsidiary to enhance Vedanta Resources' financial flexibility: S&P
Vedanta Resources has proposed to buy out public shareholders in Vedanta Ltd.
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