13
May
10:09
Vedanta plans to go private
Vedanta plans to delist from all stock exchanges, with its promoter Vedanta Resources (VRL) intending to acquire all fully paid-up equity shares of the company held by public shareholders.
VRL holds a 51.06% shareholding in Vedanta Limited, excluding American Depository Shares (ADS), while public shareholders hold a 48.94% stake. Should the outstanding ADS shares be converted into equity shares these shareholdings would amount to 50.14% and 49.86% respectively.
V…
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Anonymous
Very good overview of the weekly steel market.
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