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Vedanta Thanks Shareholders, Regulators, Bse, Financing Banks & Stakeholders For Their Support During Delisting Bid
The bid would have resulted in FDI inflow of over 3.15 billion dollars into the Indian economy and helped boost growth between 0.4% and 0.8% through the multiplier impact of such large infusion of funds.
Photo Credit :
The bid to delist Vedanta Resources’ Indian subsidiary Vedanta Ltd has not been successful. We wish to reiterate our unflinching commitment to India particularly in the natural resources sector. We are confident that Vedanta Ltd will continue to grow from strength to strength as a listed entity on the Indian stock exchanges.
Launching the delisting bid to garner approx. 134 crore shares was indeed a mammoth task. We saw enthusiastic participation by our shareholders that took us within striking distance of our goal, short by only 7%.
The bid would have resulted in FDI inflow of over 3.15 billion dollars into the Indian economy and helped boost growth between 0.4% and 0.8% through the multiplier impact of such large infusion of funds.
Vedanta looks forward to unparalleled opportunities and growth in India. The company is committed to fulfilling the goal of Aatmanirbharta in the natural resources sector.
We wish to express our sincere gratitude and thank the Securities and Exchange Board of India, BSE, Vedanta’s shareholders, financing banks and advisors to the delisting offer for their unstinted support during the entire exercise.