₹87.5 per share to buy stocks of Vedanta Ltd held by public shareholders.While shareholders have approved the delisting, the proposal had initially faced criticism from minority shareholders on the price being offered for the delisting.Mint reported on 21 May that most institutional shareholders of the company were unhappy with the price of Rs87.5 that the promoters were offering.To be sure, the price offered by the promoters is only a floor price and the final price for the delisting will be determined through a reverse book building process, which could turn out to be higher than the one offered by the promoter.Vedanta Ltd was the first major listed company to announce its plans to delist from the stock exchanges amid the covid-19.
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