Vedanta's failed delisting triggers debate on FDI tag, limited disclosure

Officials said the assumption that Vedanta's delisting would have been successful at a price of Rs 140 was "completely misplaced

Vedanta group's failed attempt at delisting an India-listed entity has triggered a debate on rules concerning efforts by a foreign promoter to take an India-listed company private, with some officials questioning the 'FDI' tag used for such a move and the limited disclosures made through the official stock exchange route.

Some experts, however, pointed out that the RBI defines it as an FDI (foreign direct investment) if an investment is made by anyone residing outside India through capital instruments into a listed Indian company for a stake of 10 per cent or more.

Officials also said the delisting price offered