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Vedanta to delist American depositary shares

24 Sep 2021 Evaluate

Vedanta is planning to delist its American depositary shares and concentrate all trading of its equity shares on the BSE and NSE. The company's board of directors has taken into account the recent low trading volume of its ADS on the NYSE and the associated costs of maintaining the listing and related obligations.

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.

Peers
Company Name CMP
Hindalco Industries 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
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