Vedanta’s parent organization -- Vedanta Resources has launched a voluntary open offer to acquire up to 10 per cent stake in Vedanta after failed delisting and buying shares in bulk deals. The parent has offered to buy up to 37.17 crore shares from public shareholders of Vedanta at Rs 160 apiece. If successful, that will cost Rs 5,948 crore.
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.
