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Strong hands participate in Vedanta's open offer 

Those investors who are holding on to their shares have little to worry about. While there is the hope that the promoter may improve the price next time around, the sector in which Vedanta operates is also doing well 

April 09, 2021 / 05:13 PM IST
Strong hands participate in Vedanta's open offer 

When the promoters of Vedanta announced their plans to delist their company, they offered a base price of Rs 87.5 a share, a small premium to the market price of Rs 79. After a failed reverse book-building attempt to de-list, the promoter group Vedanta Resources Ltd came out with an open offer for 17.5 percent of their stake at Rs 235 per share. In this issue also the promoters were not given the entire shares they had hoped for....

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