Vedanta delisting fate to be known next week, price likely at Rs 160-170

The promoter holding currently 50.14%. Under Sebi rules, promoters will have to acquire at least 39.86% stake (1.48 billion shares) from public to ensure successful delisting

Anil Agarwal-led Vedanta Resources is set to initiate its bid to take Vedanta private next week. The so-called reverse book building (RBB) process to determine the exit price for delisting will commence on October 5 and close on October 9.

The promoter holding in Vedanta is currently at 50.14 per cent. Under Sebi’s delisting regulation, the promoter will have to acquire at least 39.86 per cent stake (1.48 billion shares) from public shareholders to ensure that the delisting bid is successful. At Vedanta’s last closing price of Rs 139 per share, this could entail an outgo of nearly Rs 20,600