{"id":377973,"date":"2020-10-13T10:08:14","date_gmt":"2020-10-13T04:38:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=377973"},"modified":"2020-10-13T10:08:14","modified_gmt":"2020-10-13T04:38:14","slug":"vedanta-scrip-slumps-21-as-delisting-fails","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-scrip-slumps-21-as-delisting-fails\/","title":{"rendered":"Vedanta scrip slumps 21% as delisting fails"},"content":{"rendered":"<p>Shares of Vedanta Ltd fell 21% on Monday after the promoters\u2019 attempt to take the company private failed on Saturday. Experts said the stock will remain under pressure for the foreseeable future, given the company\u2019s heavy debt and failure to delist.<\/p>\n<p>Vedanta shares closed at \u20b996.95 on BSE, down 20.6% from its previous close, while the benchmark Sensex closed at 40,593.80, up 0.21%.<\/p>\n<p>On Saturday, Vedanta Ltd\u2019s promoter Vedanta Resources Ltd said the delisting plan failed, since it did not get bids for a sufficient number of shares. A total of 1254.7 million shares were tendered by shareholders, against 1697.3 million shares sought by promoters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Vedanta Ltd fell 21% on Monday after the promoters\u2019 attempt to take the company private failed on Saturday. Experts said the stock will remain under pressure for the foreseeable future, given the company\u2019s heavy debt and failure to delist. Vedanta shares closed at \u20b996.95 on BSE, down 20.6% from its previous close, while the benchmark Sensex closed at 40,593.80, up 0.21%. On Saturday, Vedanta Ltd\u2019s promoter Vedanta Resources Ltd said the delisting plan failed, since it did not get bids for a sufficient number of shares. A total of 1254.7 million shares were tendered by shareholders, against 1697.3 [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-377973","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377973","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=377973"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377973\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=377973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=377973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=377973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}