Vedanta’s investors eye delisting for returns as stock fares poorly

Shareholders of Vedanta Ltd have not been getting good returns for the past few years. The stock is down 10.4% in the last three years compared with the Nifty 50’s gains of 9.6% in the same period.

Now, with the start of a reverse book-building process to delist the shares, investors may want to see whether returns could improve. Besides, given that the outlook for metals is improving, analysts see a potential increase in the final delisting price.

Parent Vedanta Resources Ltd has raised resources of about $3.15 billion for the delisting process, which implies a delisting price of about ₹132 per share, say analysts.