Vedanta steps closer to delisting; 137.74 cr shares offered in buyback

NEW DELHI : Vedanta Ltd stepped closer to being delisted from Indian bourses after 137.74 crore shares were tendered at the close of the buyback offer made by the promoters.

The shares tendered are more than the 134 crore shares out of the public holding of 169.73 crore that the promoter group headed by billionaire Anil Agrawal needed for delisting of the company.

According to data available from stock exchanges, 137.74 crore shares were tendered at various price level starting from ₹87.25 a share.