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All about Vedanta's 'failed' delisting plan and what investors should do

Listen to the podcast to know about Vedanta's failed delisting plan, what lies ahead for the company, and what should be the investors' strategy

Vedanta  | Delisting | Delisting of shares

Swati Verma  |  New Delhi 

On May 12, 2020, billionaire Anil Agarwal announced the intention to take his Indian listed firm Ltd private by buying out shares held by the public. The company had said that Agarwal-controlled Resources, the promoter of the company, will offer Rs 87.5 per share to nearly 49 per cent public shareholders of Ltd to execute the plan. However, the price did not go down well with the analysts who criticized the company for keeping the price so low against its fair value.

According to a report by Business Standard dated May 14, analysts had said the indicative price announced by the promoter firm Vedanta Resources (VRL) would have to be significantly raised. Now, What is the outlook of the stock and what investors should do now? Ms. Nirali Shah, Senior Research Analyst at Samco Securities and Sunil Jain, Head Equity Research - Retail at Nirmal Bang Securities answer these queries in this podcast

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First Published: Tue, October 13 2020. 16:24 IST