Vedanta Resources to Acquire 49.9% Public Sharing; To Delist BSE & NSE

Vedanta, on September 29, stated that Bombay Stock Exchange and National Stock Exchange of India have issued their in-principle approval for the delisting offer. Reportedly, Vedanta Resources Limited (VRL) will buy the 49.9% public shares at Rs 87.5 per share. Earlier, the company held a postal voting among the shareholders, and decided to delist the company after the parent company VRL offered to buy the stocks.