Vedanta Delisting: Just 5 pct shares tendered so far; check out Anil Singhvi's strategy for investors

Anil Singhvi on Vedanta Delisting: The last date for Vedanta delisting offer is fast approaching and till now around 5 per cent has been tendered. Zee Business Managing Editor Anil Singhvi said that company promoters delisting offer is not attractive because the price offered is much below the Vedanta share price and investors should know the three options before them and chalk out their strategy keeping all that in mind.

Speaking on the price offered by Vedanta promoters for delisting, Anil Singhvi said, "I am not against the Vedanta delisting, but the price offered to the retail investors is not attractive. The Floor Price for delisting of Vedanta shares delisting comes around Rs 87, which comes from a simple SEBI formula and even company promoters know that the final delisting would take place at around Rs 150 to Rs 155. So, it could have been better if they had come with a price matching with the actual screen price instead of this Floor Price for delisting."

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The Market Guru said that he would be unhappy if the Vedanta delisting fails just because there was nothing in it for retail or small investors. He said that delisting is always good for retail investors, funds, promoters and the bond holders who have given Rs 1.25 lakh crore debt to the company.

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वेदांता डीलिस्टिंग में अब तक 5% शेयर ही हुए टेंडर...

अनिल सिंघवी- रिटेल निवेशकों के पक्ष में हो डीलिस्टिंग प्राइस... बाजार भाव से अच्छा प्रीमियम मिले...#EditorsTake #Vedanta #VedantaDelisting @AnilSinghvi_ @SEBI_India @AnilAgarwal_Ved @VedantaLimited @NSEIndia @BSEIndia pic.twitter.com/eSkP5yt6A7

— Zee Business (@ZeeBusiness) October 7, 2020

On his strategy for the Vedanta shareholders to make money from this delisting process, Singhvi said, "Vedanta shareholders still have three options — tender your Vedanta shares within one year of delisting, take benefit of the dividend post-delisting and hold the option to sell your shares if the delisting fails — and they should exercise any of these options at a suitable time."