- Which share is best to buy?
- Who is the owner of Vedanta?
- Is Vedanta a debt free company?
- What will happen to Vedanta shares?
- Should I buy Vedanta shares now?
- What will be Vedanta delisting price?
- What does delisting mean for shareholders?
- Who is the owner of Balco?
- Who is owner of Sterlite?
- Is Vedanta a government company?
- Why is Vedanta stock falling?
- Is Vedanta delisted?
Which share is best to buy?
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Who is the owner of Vedanta?
Volcan Investments LimitedVedanta Resources/Parent organizations
Is Vedanta a debt free company?
In 25 years, Vedanta has never defaulted on any payment, says the Founder & Executive Chairman. The total debt in the company including the parents is $10 billion net; in comparison to any of the companies, we are in a very comfortable position.
What will happen to Vedanta shares?
As the delisting efforts of the company became unsuccessful, the equity shares tendered by the public shareholders will be returned by october 23, 2020. LIC, which held 6.37% in Vedanta, tendered all its shares at Rs 320, a 267% premium over the floor price of Rs 87.25, which upset Vedanta’s calculations.
Should I buy Vedanta shares now?
“Historically, for companies with failed attempts at delisting, share price tends to reach the levels before the buyback, which in case of Vedanta was around Rs 85-90.” The prices have already kissed that level, and now analysts believe it could be a good opportunity for investors to grab them at a low level.
What will be Vedanta delisting price?
NEW DELHI: Shares of Vedanta traded flat in Monday’s trade as the reverse book-building process kicked off for the delisting of the stock. The indicative floor price for the bidding process has been set at Rs 87.25 per share. … A Rs 250 bid would be 82 per cent higher than the current market price.
What does delisting mean for shareholders?
Share delisting is the removal of a listed stock from a stock exchange platform, and thus it would no longer be traded on the bourse. In simple words, delisting means the permanent removal of a stock from stock exchange. The delisting of a security can be either voluntary or involuntary.
Who is the owner of Balco?
Vedanta ResourcesBharat Aluminium Company/Parent organizations
Who is owner of Sterlite?
Twin Star Overseas LtdSterlite Technologies/Parent organizations
Is Vedanta a government company?
Vedanta Limited is a mining company based in India, with its main operations in iron ore, gold and aluminium mines in Goa, Karnataka, Rajasthan and Odisha….Vedanta Limited.TypePublicTotal assets₹183,622.00 crore (US$26 billion) (2020)Total equity₹71,747 crore (US$10 billion) (2020)Number of employees76,752 (2019)14 more rows
Why is Vedanta stock falling?
Share price of Vedanta Ltd fell 23.1% intra day to Rs 94 against previous close of Rs 122 on BSE. Vedanta share price crashed 23% today after the firm failed to complete its delisting process. The promoters failed to secure the required number of shares at the end of reverse book building process, the firm said.
Is Vedanta delisted?
In May, the promoters of Vedanta announced a delisting offer at Rs 87.5 per share. Later in June in a special resolution by postal ballot, 93.3% of all shareholders and 84.3% of public shareholders have approved to delist the shares of Vedanta.