Vedanta says delisting offer deemed to have failed

Billionaire Anil Agarwal-led Vedanta has said that its delisting offer is deemed to have failed as per terms of the delisting regulations. For successful delisting of shares, promoters were required to acquire 134.1 crore shares but only 125.47 crore shares were validly tendered by public shareholders. "The equity shares...will continue to remain listed on the stock exchanges," Vedanta added.