Shareholders not happy with delisting offer price of Vendant ltd.
Update: 2020-05-23
Description
Vedant Resources Ltd company founder Mr. Anil Agrawal recently announced that Vedanta Ltd will get delisted from the Indian stock exchange. Tentative price for delisting is near ₹87.5 Domestic Institutional Investors like LIC, Retail Investors and non promoters shareholders aren't happy with this price. In september end Vedanta was trading at 178. Company should have delisted the stock when prices were good. But now Company is taking disadvantage of Covid-19 outbreak and delisting Vedant at very low price. Who will protect investors interest? The answer is only Investors can do that. They must participate in e-ballot and vote against this resolution. They should not accept this delisting offer and force company to come up with second delisting offer with higher price. Company is saying that it is delisting the share for taking complete control and simplification. It is saying that increasing stake again to 90% will help their debt reduction plan and improve financial and operational aspects. But in this selfish motive promoters are letting down Investors who trusted this company and stayed with it for so longer. Let's hope Investors are aware of it and don't accept such win-lose proposal. Thank you very much for listening to my podcast. If you liked it feel free to share it with your friends. Add this podcast in your favorite list. Do visit my website www.stocksbaazigar.com for Investor education related posts. Follow my Facebook Page stocksbaazigar.com. Follow 'Stocksbaazigar' on Twitter and Instagram too. Please subscribe to my Youtube channel 'Stocksbaazigar' and encourage me to make more such videos of personal finance and investing. Thank you.
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