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VED Vedanta

832.60
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vedanta LSE:VED London Ordinary Share GB0033277061 ORD USD0.10
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 832.60 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
834.80 835.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 832.60 GBX

Vedanta (VED) Latest News

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Vedanta (VED) Discussions and Chat

Vedanta Forums and Chat

Date Time Title Posts
28/2/202009:29Vedanta - Indian Mining Co.9,789
25/4/201815:27Vedanta with Charts & News53
11/2/201616:08 V-D-A-N_TA13
30/7/201518:54Vedanta Resources24
23/5/201216:39vedanta2

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Vedanta (VED) Most Recent Trades

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Vedanta (VED) Top Chat Posts

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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 02/8/2018 11:10 by smurfy2001
Liquidated my CFD (bit of weight of my mind) just real shares i'm holding till the end. The interest charges for the month are silly along with the commission. Going to be thinking about whether l will do further CFD trading if the interest rate rises today.

@salver2 - was just going to write VED share price finally above KAZ ;)
Posted at 20/7/2018 13:25 by ashwani01
Might be wishful thinking but, if you add in the 31p drop from the dividend, the VED price is holding up ok against an offer around 825
Posted at 20/7/2018 12:22 by the original goldbug
The other issue which makes me suspicious as to whether this deal is going to go ahead is that Agarwhal must be taking quite the short term bath at least in Anglo.

Again he used his holding in Vedanta as collateral in order to build his Anglo position. You would think the bankers behind this might have a thing to say about all this unless he has already unwound his Anglo position.

Anyway the drip, drip of the share price is not particularly encouraging.

Is there a time horizon for this offer?
Posted at 17/7/2018 11:41 by enewman36
Someone please tell me if I am off the mark here, share price usually drops on ex-div days based on the price per share being offered, therefore, with a 30p divi this Thurs and an offer on the table @825, am I right in thinking that this share price will either not drop by 30p or if it does it should recover pretty quickly given the offer on the table, either way is it not free money?
Posted at 04/7/2018 19:50 by smurfy2001
Shares in FTSE 100-listed miner Anglo American have spiked today after reports linking it to a $7bn (£5.3bn) deal with Vedanta Resources.

Indian website Livemint reported today that Vedanta was considering a plan to take control of Anglo's South African business by merging it with Vedanta via a share swap.

Vedanta’s chair Anil Agarwal owns nearly 20 per cent of Anglo’s shares through a family trust, Volcan Investments.
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.com/india/ramdev-sadhguru-bat-for-vedantas-sterlite-plant-tamil-nadu-government-says-dont-care-about-their-views-2120744.html
Posted at 21/6/2018 10:23 by loganair
I've been looking at this company for a little while now. If Vedanta was BHP Billiton the share price would be double where it is to day, in other words I'm am saying that the current share price is so low due to poor governance of the company.
Posted at 06/6/2018 14:48 by jjhbev
Hi all

IMO a major problem/frustration here is the lack of high quality, internationally credible executive leadership.

It is a long time since Albanese left (and he probably mentally left well before he physically left) and since then we have seen some very poorly managed situations - specifically the suspensions re Iron in Goa & of course Tuticorin. In respect of the latter they were guiding for its reopening only a few weeks ago plus blathering on about its expansion. Additionally since the fatality at Gamsberg there has been no update (that I have seen). Where is the executive control and responsibility??? If you have watched any of the recent results presentations they are IMO downright embarrassing. Agarwal reads the script like he's never seen it before and is barely comprehensible - and then he follows it up with meandering comments about expanding this, that & other.

Given that VED has a complex structure and that analysts have repeatedly highlighted the debt at the plc level the new CEO needs to hit the ground running both in terms of getting to grips with his leadership team and also being able to communicate with the investement/financial community.

VED has a great mix of commodities and (notwithstanding my above comments)is achieving very good results in Zinc, Oil & Gas and (at current prices) Aluminium. The cash being generated from these operations is already very large and is growing. The share price should be way higher than its current level and hopefully the new CEO - who has a good pedigree - will deal with the sorts of concerns that I believe are to blame.

Good luck all
Posted at 15/1/2018 09:54 by smurfy2001
Note: This is from Mid december but thought it was worth reading in case it was missed.


Is Vedanta Resources still cheap?

Good news, investors! Vedanta Resources is still a bargain right now. My valuation model shows that the intrinsic value for the stock is £33.12, but it is currently trading at £7.23 on the share market, meaning that there is still an opportunity to buy now. What’s more interesting is that, Vedanta Resources’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.
Vedanta share price data is direct from the London Stock Exchange

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