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Vedanta says delisting offer deemed to have failed
short by Kiran Khatri / on Saturday, 10 October, 2020
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.
read more at Bloomberg Quint