Vedanta shares surge after Board announces to meet on Oct 24 to consider dividend
The total number of shares tendered by Vedanta Ltd's public shareholders fell 7 per cent short of the mandatory minimum of 90 per cent for successful delisting.
The total number of shares tendered by Vedanta Ltd's public shareholders fell 7 per cent short of the mandatory minimum of 90 per cent for successful delisting.
For successful delisting of the shares, 134.12 crore shares needed to have been validly tendered for the promoter shareholding to cross the 90 per cent shareholding.
The stock tanked 23 per cent to Rs 94 on BSE. However, at 1.49 pm it recovered marginally to trade at Rs 98.85.
