Anil Agarwal set to delist Vedanta from domestic bourses

Billionaire metals and mining magnate Anil Agarwal on May 11 announced a proposal to delist Vedanta from the Indian stock exchanges with promoter group Vedanta Resources making an offer to buy out the 48.94 percent non-promoter shares at Rs 87.5 per share, which represents a premium of Rs 9.9 percent over its May 11 closing market price. Watch the video to know more

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[GauravKumar]

It is cheating with the Investors when prices are too low they want to delist and every investor is going to bear the losses..

[utkarshanand]

Don't worry people.. 87.5 is introductory price it's not the floor price of delist, the floor price will be much higher. There are a lot of steps involved in delist and it takes several months to do that.

Just read any example of delist you will know how delist price is much higher then the CMP.
Also delist price is determined by a independent body rather then the company itself.
This is a voluntary delist and if the company fails to receive 90% of the public shares it won't be de listed.
So if the floor price is low just don't sell your stocks.
Also the board approval is pending and it might be just a rumor for price manipulation.
Just hold and watch carefully.

[swapnilbapat]

This is cheating, why Mr. Anil Aggrawal dididnot delist when price was higher. This is like taking undue advantage of the market and cheating the investors

[dr.swaruppaul]

I have 1000 share with 140rs... wat to do now?

[josejoseph]

Anil Agarwal is a doubtful personality.