Anil Agarwal makes firm offer to delist Vedanta from London Stock Exchange

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Mining mogul Anil Agarwal’s family trust today made a firm USD 1 billion offer to buy 33.47 per cent non-promoter shares of Vedanta Resources in a deal that values the conglomerate at USD 3.07 billion.

“Under the terms of the offer, Vedanta shareholders will receive USD 10.89 per share in cash for each Vedanta share,” the company said in a regulatory filing detailing about the USD 1 billion offer.

In addition, the shareholders will be entitled to receive the dividend of USD 0.41 per share in respect of the 12 months ended March 31, 2018/MoneyContro