Vedanta has received approval for the proposal of de-listing of the company from the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The meeting of the board of directors of the company was held on May 18, 2020. The Board has considered and granted approval to the de-listing proposal, after having discussed and considered various factors.
The nod was given to the company to seek shareholders’ approval for the de-listing proposal by way of special resolution through postal ballot and e-voting, and in this regard, the draft of the postal ballot notice and the explanatory statement thereto were also approved.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
