Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and De-listing, vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017, 20190207-23 dated 07 Feb 2019 and 20200528-32 dated 28 May 2020 has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.
All Market Participants are hereby informed that an offer for voluntary delisting of equity shares is made by Vedanta Resources Limited, Vedanta Holdings Mauritius Limited, Vedanta Holdings Mauritius II Limited (hereinafter collectively referred to as the “Acquirers”) to the Public Shareholders of Vedanta Limited (“Company”) to acquire up to 1,69,73,90,047 equity shares (‘Shares”) of the face value of Re. 1/- each (excluding 3,91,24,009 ADS representing 15,64,96,036 equity shares as on September 25, 2020) at a floor price Rs. 87.25/- per equity share, pursuant to the reverse book building process in accordance with the SEBI (Delisting of Equity Shares) Regulations, 2009, from October 05, 2020 to October 09, 2020.
The holders of the ADS (American depositary Share) will be considered to be public shareholders to be able to participate in the Delisting Offer in the event they chose to convert the ADS into equity shares of the Company. In such a case, the size of the Delisting Offer shall be increased accordingly to the extent of the conversion of the ADS into equity shares.
Market participants are further requested to note that the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Atul Dhotre,
Senior Manager
Listing Sales & Ops
September 30, 2020
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