Vedanta’s delisting – discovering the right price
Source: www.gbdigest.com
After having approved the delisting of Vedanta Limited from the Indian stock exchanges, the next step is for investors to arrive at the right price, through a reverse book building process. While IiAS refrains from making price recommendations, indicators suggest that the delisting price of 3.5x – 4.5x the floor price of Rs. 87.25: at the same time, shareholders will do well to remember that there is a price beyond which they risk turning away the promoters.
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