NEW DELHI: Shrugging off a failed bid to get its Indian flagship firm delisted from stock exchanges, mining baron Anil Agarwal’s Vedanta Resources on Tuesday said it is committed to investing in the country that offers unparalleled opportunities and growth.
Last week, Vedanta Ltd’s delisting went from almost-a-success to failure due to a large number of unconfirmed orders.
The BSE on October 9 evening showed 137.74 crore shares, out of a total 169.73 crore shares held by the public, to have been offered for sale to promoters, larger than the threshold of 134.12 crore.
Some bids, however, were pending confirmation from custodians.
Reconciliation of data led to the number of shares offered for sale being trimmed to 125.47 crore.
“Launching the delisting bid to garner approx 134 crore shares was indeed a mammoth task. We saw enthusiastic participation by our shareholders that took us within striking distance of our goal, short by only 7 per cent,” Vedanta Resources, the parent firm of Vedanta Ltd, said in a statement.
