Abstract:Unlike the concept of IPO, contra IPO or going private by delisting process is not so familiar among many. By buying back the publicly traded shares and acquiring majority of stake, the promoters of a company try to delist themselves from the stock markets. In March 2020, the UK based mining giant Vedanta Resources Plc. has come up with the delisting proposal of its Indian subsidiary Vedanta limited. However, the delisting was not successful. Analysts have identified that low offer price and unconfirmed bids w… Show more
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