Vedanta delisting at COVID stressed market bottom Lessons from delisting failure

Vedanta triggered delisting at the behest of its foreign promoters to cash out public shareholders in COVID stressed market price. The fiduciary duty of the directors demands that delisting approval should be at the interest of shareholders. Vedanta delisting case is explored in view of the alacrity in pursuing delisting actions and adopting impairment of assets prior to delisting to reduce book value.Vedanta triggered delisting at the behest of its foreign promoters to cash out public shareholders in COVID stressed market price. The fiduciary duty of the directors demands that delisting approval should be at the interest of shareholders. Vedanta delisting case is explored in view of the alacrity in pursuing delisting actions and adopting impairment of assets prior to delisting to reduce book value.taxmann.com Latest ArticlesRead More

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