{"id":394813,"date":"2021-01-12T12:21:24","date_gmt":"2021-01-12T06:51:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=394813"},"modified":"2021-01-12T13:13:27","modified_gmt":"2021-01-12T07:43:27","slug":"vedanta-promoter-group-looks-to-increase-stake-by-10-move-aimed-at-another-delisting-attempt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-promoter-group-looks-to-increase-stake-by-10-move-aimed-at-another-delisting-attempt\/","title":{"rendered":"Vedanta promoter group looks to increase stake by 10%, move aimed at another delisting attempt?"},"content":{"rendered":"<p>Anil Agarwal-led Vedanta Ltd saw its share price tumble 3.3% to trade at Rs 176 apiece days after the promoter group announced an open offer to increase its stake by 10% in the commodities giant. Promoter Vedanta Resources Ltd informed bourses on Saturday of a voluntary open offer for the acquisition of up to 37.17 crore equity shares together with Twin Star Holdings Ltd, Vedanta Holdings Mauritius Ltd, and Vedanta Holdings Mauritius II Ltd \u2014 all indirect subsidiaries of Vedanta Resources. However, the offer price of Rs 160 per share, at a discount to the current market price, has been termed as \u2018poor\u2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anil Agarwal-led Vedanta Ltd saw its share price tumble 3.3% to trade at Rs 176 apiece days after the promoter group announced an open offer to increase its stake by 10% in the commodities giant. Promoter Vedanta Resources Ltd informed bourses on Saturday of a voluntary open offer for the acquisition of up to 37.17 crore equity shares together with Twin Star Holdings Ltd, Vedanta Holdings Mauritius Ltd, and Vedanta Holdings Mauritius II Ltd \u2014 all indirect subsidiaries of Vedanta Resources. However, the offer price of Rs 160 per share, at a discount to the current market price, has been [&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":[130,195,138],"tags":[],"class_list":["post-394813","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394813","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=394813"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394813\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=394813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=394813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=394813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}