Vedanta Falls 10% After Delisting Attempt Fails

The company’s parent, Vedanta Resources Ltd , which owns 36.80% of the Indian unit, had then said it would delist and take the company private to speed up the process of simplifying its corporate structure amid the coronavirus crisis.

The company had said it was willing to accept shares tendered in the offer at 87.5 Indian rupees per equity share. For the quarter ended June 30, the miner had reported a loss of $1.7 billion rupees.

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