{"id":377673,"date":"2020-10-12T08:30:40","date_gmt":"2020-10-12T03:00:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=377673"},"modified":"2020-10-12T09:08:33","modified_gmt":"2020-10-12T03:38:33","slug":"vedanta-delisting-offer-fails-tendered-shares-to-be-returned-to-investors","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-delisting-offer-fails-tendered-shares-to-be-returned-to-investors\/","title":{"rendered":"Vedanta delisting offer fails; tendered shares to be returned to investors"},"content":{"rendered":"<p>The de-listing offer of Vedanta Ltd has failed, shows the company&#8217;s statement to the stock exchanges. <\/p>\n<p>&#8220;We have been informed by Vedanta Resources Limited and its indirect subsidiaries namely, Vedanta Holdings Mauritius Limited and Vedanta Holdings Mauritius II Limited, (collectively to be referred as \u201cAcquirers\u201d) that the Delisting Offer is deemed to have failed in terms of Regulation 19(1) of the Delisting Regulations,&#8221; said Vedanta Limited in a statement available on the BSE website. <\/p>\n<p>To de-list the shares from stock exchanges, Vedanta\u2019s UK promoters required 1.34 billion shares. <\/p>\n<p>&#8220;The total number of Offer Shares validly tendered by the Public Shareholders in the Delisting Offer is 1,25,47,16,610 Offer Shares, which is less than the minimum number of Offer Shares required to be accepted by the Acquirers in order for the Delisting Offer to be successful,&#8221; the statement added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The de-listing offer of Vedanta Ltd has failed, shows the company&#8217;s statement to the stock exchanges. &#8220;We have been informed by Vedanta Resources Limited and its indirect subsidiaries namely, Vedanta Holdings Mauritius Limited and Vedanta Holdings Mauritius II Limited, (collectively to be referred as \u201cAcquirers\u201d) that the Delisting Offer is deemed to have failed in terms of Regulation 19(1) of the Delisting Regulations,&#8221; said Vedanta Limited in a statement available on the BSE website. To de-list the shares from stock exchanges, Vedanta\u2019s UK promoters required 1.34 billion shares. &#8220;The total number of Offer Shares validly tendered by the Public Shareholders [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-377673","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=377673"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377673\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=377673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=377673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=377673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}