Vedanta says delisting offer deemed to have failed
New Delhi: Vedanta Ltd on Saturday said its delisting offer is deemed to have failed as per terms of delisting regulations.
125.47 crore shares were validly tendered by public shareholders, the company said in a stock exchange filing.
“Vedanta & its indirect subsidiaries namely, Vedanta Holdings Mauritius & Vedanta Holdings Mauritius II (collectively to be referred as ‘Acquirers’) have been informed that the Delisting Offer is deemed to have failed,” the company said.
“Accordingly, the acquirers will not acquire any equity shares tendered by the public shareholders in the delisting offer and the equity shares of the Company will continue to remain listed on the stock exchanges.
