NEW DELHI : After a failed delisting and buying shares in bulk deals, Anil Agarwal-led Vedanta Resources Plc has launched a voluntary open offer to acquire up to 10 per cent stake in flagship Indian firm Vedanta Ltd.
The parent has offered to buy up to 37.17 crore shares from public shareholders of Vedanta at ₹160 apiece, according to an exchange filing.
If successful, that will cost ₹5,948 crore.
The price announced on Sunday is a 12 per cent discount to Friday’s closing of ₹182.05.
