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Should investors participate in the Vedanta delisting?

Reverse book-building for delisting of Vedanta begins from October 5

October 10, 2020 / 11:01 AM IST
Should investors participate in the Vedanta delisting?

Vedanta (CMP: Rs 137, Market capitalization: Rs 51,093 crore) declared June quarter results that were almost in line with street expectation. Metal and oil prices continued to remain under pressure during the quarter. However, the September quarter has seen a recovery in metal prices. Keeping Vedanta’s results aside for a while, it might be prudent to evaluate the voluntary delisting offer from the company’s promoters, who have now got approvals from the various concerned authorities. The prompters, Vedanta Resources Ltd...

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