Vedanta Ltd. the mining major is delisting its shares from Indian stock exchanges. You can check the announcement from the company here
The shareholders of Vedanta Ltd. can tender their bids in the offer starting from October 5th, 2020.
Update from the Company: The delisting offer has failed and shares of Vedanta will continue to trade on the Exchanges.
Shares tendered in the offer have been returned back to the Demat account of the shareholders.
- Key Dates
|Bid Opening Date||October 05, 2020|
|Bid Closing Date||October 09, 2020|
|Date for Announcement of Discovered Price & Acceptance/Non-Acceptance of Discovered Price||October 16, 2020|
|Proposed Date for Payment Shareholders or Return of Shares in case of Bids not Accepted or Failure of the Delisting Offer||October 23, 2020|
How to apply for Vedanta Delisting?
You can tender your shares by logging into Console, the process has been explained in detail here.
What if I fail to bid or my bid isn’t accepted?
If you fail to bid or your bid isn’t accepted you will have time until one year from date of delisting to tender your shares, the promoters will buy back the shares from you at the final Exit offer price. You can learn more here
How will the payment be made?
If the delisting offer is successful, the payment will be made directly to your primary bank account. If bank account details of any shareholder are not available or if the fund transfer is rejected due to any reason, then the amount payable to the shareholder will be transferred to the concerned Seller Members (Broker) who will transfer it to the shareholder.
What if I’ve pledged my shares?
If you have pledged your shares, you will have to unpledge the shares to tender them in the delisting offer.
You can read more FAQ’s here