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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Vedanta | VED | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 832.60 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 832.60 |
| Top Posts |
|---|
Posted at 28/8/2018 08:32 by bonkers3 Responses from VED investor relations and Volcan -Q.Please advise that if I reject the offer of 10.89 USD per share and the company does get delisted and my shares are automatically bought, what date’s USD:GBP exchange rate will be used to settle? For example, will it be the exchange rate at the time of “compulsory purchase”, or that on 31 August or that back when the offer was made in July? A.Further to your query below, please note that the currency election is not available to any shareholders who might be subject to compulsory squeeze out arrangements (e.g. shareholders who do not accept the offer), and all such shareholders shall be paid USD consideration by cheque issued by Computershare. Q.Is there publicly available collated company information on which institution shareholders have agreed to the offer? And their percentage holding? A. In relation to your query, I’m afraid the number of shareholders who have agreed to the Offer nor their percentage holding is publicly available. Volcan Investments stated that they hold 187,488,102 Vedanta Shares, representing approximately 66.52 per cent. of the issued share capital of Vedanta Resources, as per the Offer Document as of 31 July 2018 (Page 57, Section 3.2, Paragraph (i) of the Offer Document). It is also stated that Volcan will make an appropriate announcement in the business day or next following day on which the Offer is due to expire or becomes unconditional or is revised or extended. Such announcement will state prominently the total numbers of Vedanta Shares which Volcan Investments may count towards the satisfaction of the Acceptance Condition and will specify the percentages of each class of securities represented by these figures. For more information, please refer to Page 30, Section 2, Paragraph (a) of the Offer Document, which you can find in On a final note and as a reminder, please note that: - First Closing Date to accept the Offer is on 31 August 2018 at 1.00 p.m. - Recommendation: The Independent Committee, who have been so advised by Lazard as to the financial terms of the Offer, consider the terms of the Offer to be fair and reasonable so far as the Independent Vedanta Shareholders are concerned. In providing advice to the Independent Committee, Lazard has taken into account the commercial assessments of the Independent Committee. Accordingly, the Independent Committee unanimously recommend that Independent Vedanta Shareholders accept the Offer. Does anyone have news of any significant shareholders rejecting the offer? |
Posted at 19/7/2018 08:36 by sarahbudd "In addition to the Offer Price, Volcan has confirmed to the Independent Committee that Vedanta shareholders will also be entitled to receive the FY2018 Dividend due to be paid out in US dollars on 22 August 2018 to those shareholders on the Register of Members on 20 July 2018. The Total Offer Value in aggregate comprises 856 pence per share[3], and represents a premium of approximately 32.4 per cent to the closing price of 647 pence per Vedanta share on 29 June 2018"from RNS 2nd July 2018. |
Posted at 17/7/2018 15:33 by ashwani01 Unless the following appliesVED pays me my dividend as per the ex div date (ie 19 Jul).Volcano then ALSO pay me £8.25 PLUS the dividend again 31p to buy the shares off me after end Jul ?That's too good to be true ? |
Posted at 05/7/2018 12:37 by joleyd Could someone please tell me the consequences of holding Ved shares (the FTSE listed ones )in a practical sense, if, as seems likely, the Owners decide to de-list Ved from London and move it to India. In other words what will happen to the "old" Ved. shares,-is it easy to access the ISM? |
Posted at 29/6/2018 12:46 by smurfy2001 Ramdev, Sadhguru bat for Vedanta's Sterlite plant; Tamil Nadu government says don't care about their views“Met Anil Agarwal Ved ji during my London visit. I salute his contribution in the national building process by creating lacs of jobs and economic prosperity. International conspirators created ruckus at one of Vedanta’s plant in South of India through innocent local people. Industries are the temples of development for the nation. They should not be closed,” tweeted Ramdev on Monday. hxxp://zeenews.india |
Posted at 26/6/2018 08:56 by fuji99 I am very surprised even shocked when I compare VED to its peers.VED has issued only 273 million shares with a market cap = £1.75 billion. Its PE is only 9.9 while its turnover is 15.5 billion !!! 10 times its market cap ! If one compares these factors to say those of KAZ, ANTO, GLEN etc. VED looks well, well undervalued. Adding to that a divi of 41p, I am lost for words. |
Posted at 03/6/2018 17:14 by loganair I've been looking at this company.The negative is its stretched balance sheet and poor financial health. The positives are Vedanta has high growth potential and pays a good dividend. Vedanta is bordering on breakeven, according to analysts. They expect the company to post a final loss in 2018, before turning a profit of US$326.75M in 2019. Therefore, VED is expected to breakeven roughly a few months from now. |
Posted at 10/5/2018 14:35 by cumnor Exactly my point, Smurfy-Ved Resources, Ved Ltd etc. Sounds like a huge undertaking where fields will need to be explored-more debt. Admire Agarawal's Global ambitions and making a miner with market cap equivalent to Rio, BLT etc. He can do it but who carries the debt and where does VED fit in in all this? Also needs to be careful he doesn't step on toes. Ved has not benefited from recent oil price rise although it has a share in some prolific fields in India but again the setup, pricing and structure seems to be too complicated to figure out why not. |
Posted at 13/3/2018 10:14 by smurfy2001 Interesting and great news for us holders! I look forward to hearing news about any debt reduction. Imagine what the full dividend might be like!Vedanta Ltd. rallied after India’s biggest base metals producer announced a record dividend worth $1.2 billion, potentially helping its London-listed parent pare debt. The dividend, which is about double market expectations, will allow parent Vedanta Resources to trim some of its borrowings, Goutam Chakraborty, an analyst at Emkay Global Financial Services Ltd., said by phone from Mumbai. Vedanta declares record interim dividend of ₹7,881 cr |
Posted at 10/3/2018 10:26 by smurfy2001 Vedanta rises 2% as board to consider interim dividendA meeting of the board of directors of the company will be held on March 13, to consider and approve first interim dividend on equity shares, if any, for the Financial Year 2017-18. The share price increased 34 percent in the last 9 months. Vedanta Limited Fixes Mar 21, 2018 as Record Date for First Interim Dividend Posted On: 2018-03-09 02:01:51 Vedanta Ltd has fixed March 21, 2018 as the Record Date for the purpose of Payment of First Interim Dividend, if declared. |
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