Delisting failure: Vedanta execs, promoters to mull future action on Monday

Debt restructuring, proposal to approach Sebi for extension could be points of meeting agenda

Vedanta Resources founder Anil Agarwal and the management committee of Vedanta Limited are scheduled to meet on Monday to discuss the next course of action, after Agarwal failed to delist the latter on Friday.

“A web conference has been scheduled between the management of Vedanta (Limited) and promoters of the company tomorrow (Monday) to discuss the next course of action. This is not going to be a board meeting,” Sunil Duggal, chief executive officer (CEO) at Vedanta Limited told Business Standard, without divulging the agenda of the meeting.

Meanwhile, sources close to the development said restructuring of the existing debt at Vedanta