Vedanta falls 10% after delisting attempt fails

Shares of Vedanta Ltd fell 10% on Monday as the miner's attempt to buy back shares and delist itself failed, forcing it to return all the shares tendered as part of the process. Group chairman and billionaire Anil Agarwal told https://bit.ly/2GMjhUY CNBC-TV18 on Friday the company will go for a counter offer if it was needed. The company's parent, Vedanta Resources Ltd , which owns 36.80% of the Indian unit, had then said it would delist and take the company private to speed up the process of simplifying its corporate structure amid the coronavirus crisis.