Vedanta shares slump 21% after failed delisting

MUMBAI: Shares of Vedanta Ltd fell 21% on Monday following its failed attempt at delisting its shares from the stock exchanges.

Vedanta shares closed at ₹96.95 apiece, down 20.60% from its previous close, while the benchmark Sensex closed at 40593.80 up 0.21%.

Due to high debt on its books and failure to delist, experts believe that the stock will remain under pressure for the foreseeable future.