vedanta’s stock price has dropped to about half its levels in Jan and is close to its multi-year lows Vedanta Resources Ltd has the proposed delisting of India-listed Vedanta Ltd at an opportune moment.
Reflecting the decadal low commodity prices, Vedanta Ltd’s stock price has dropped to about half its levels in January and is close to its multi-year lows.
But given that the intrinsic valuation of the stock is higher, investors may not bite the bullet, analysts say. The delisting ball has been set in motion through a reverse book-building process to acquire the roughly 50% minority shareholding in Vedanta and delist the scrip. Click here to enlarge graphic Note that parent company, Vedanta Resources has considerable debt on its books to