 "Delisting")
When shareholders of Vedanta Ltd vote on the special resolution to delist the company, not only investors but also legal experts are likely to keep a close eye on the developments in the metal and mining conglomerate. This will be the first instance of a major diversified manufacturing group initiating the delisting process during a pandemic-induced lockdown. Several other promoter groups — such as London-headquartered Diageo, which is planning to take United Spirits private — are looking at taking this route as they go about re-building business in the pandemic-stricken environment.
While there is a regulatory process in place when
