SME Times is powered by   
Search News
Just in:   • Global cues push equity markets higher, auto, IT stocks rise  • Nikki Haley praises India for 'not backing down' against China  • 'New definition to boost credit flow to MSMEs'  • Vedanta to be excluded from Nifty50 due to delisting  • Shah meets CMs of Delhi, Haryana, UP over unified Covid19 strategy 
Last updated: 29 Jun, 2020  

Vedanta.9.Thmb.jpg Vedanta Resources in process of arranging financing for delisting

Vedanta.9.jpg
   Top Stories
» 'New definition to boost credit flow to MSMEs'
» Shah meets CMs of Delhi, Haryana, UP over unified Covid19 strategy
» Auto sales pick up in June
» Post COVID support required to electric vehicles: FICCI
» $750 mn World Bank loan for covid-hit MSMEs
SME Times News Bureau | 29 Jun, 2020
Vedanta Resources Ltd has said that it is in the process of arranging of financing for delisting of Vedanta Ltd and that the delisting is expected to be completed in coming weeks.

In a statement, Vedanta Resources said that its board noted the approval by the shareholders of Vedanta Ltd of its delisting proposal. Vedanta Ltd is a subsidiary of the diversified natural resource company Vedanta Resources Ltd.

"VRL is in the process of arranging the financing for the delisting. We expect this to be concluded in the coming weeks, at which stage the Company will apply to the stock exchanges for approval to proceed with the delisting process," it said.

Last month Vedanta Ltd had initiated the process for seeking shareholders' approval for delisting and on Thursday it received shareholders' approval for delisting the company.

Vedanta Resources, which owns 50.1 per cent of Vedanta Ltd, offered to acquire all of the balance 49.9 per cent shareholding held by the public and delist the company.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 03 Jul, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(3)
» Govt. approves subsidy for 2,221 cold storages(1)
» Social entrepreneurship unique and full of challenges: Hasina Kharbhih(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter