Companies particularly in IT space could look re-enter the market given attractive valuations for stocks in the sector
At Rs 8 a share, LVB stock price has almost halved since the merger announcement
The regulator said the practice of giving an indicative price for the delisting bid can be formalised
Sebi on Friday proposed enhancing disclosure requirement by promoters and specified the timeline for obtaining the company's board approval forvoluntary delisting.
The board of Vedanta Ltd on Saturday approved the first interim dividend of Rs 9.50 per equity share for the current fiscal amounting to Rs 3,500 crore
Vedanta Resources Ltd will repay $1.4 billion raised via bonds and another $1.1 billion in loans, with a small amount of interest, as early as this week
The failed delisting of the mining-to-electricity conglomerate is not the first time attempts to restructure Anil Aggarwal's opaque empire have been controversial
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
From the chart trends, one can clearly conclude that till Vedanta does not see strong buying and positive close, then the chances of the stock going up seem slim
Regulator to probe various aspects of failed deal, including placement of 120 mn unconfirmed bids
Industry players said that public shareholders often get greedy with the asking price for tendering the shares
The promoter and management committee of Vedanta are scheduled to meet today to discuss the next course of action after the failed delisting attempt.
Entry into capital market easier than exit due to regulatory process, say corporate compliance firms
Vedanta promoters wanted to buy out 169.73 crore shares or 47.67 per cent stake held by the public to delist the firm
brokerage published a report downgrading the stock from 'hold' to 'reduce' citing reduced book value approved by Sebi
The bid for Vedanta's delisting offer opened on Monday, October 5, while the bid closes on Friday, October 9, 2020
Move will help simplify restructuring process for large groups
The bid process for the delisting offer - where the promoters were offering a floor price of Rs 264.97 per share - had started on September 9 and closed on September 16
The stock hit a 52-week high of Rs 446.70 in the intra-day trade today, after surging 40 per cent in the past three months, as compared to 17 per cent rise in the S&P BSE Sensex
The company on Saturday announced that its promoters have set the floor price at Rs 92.58, which is 19% lower than the firm's last closing price of Rs 114.5 on Monday