Vedanta Limited has shared corrigendum dated January 14, 2021, has been issued to the Public Announcement of January 09 2021.
The announcement was a voluntary open offer for the acquisition of up to 371,750,500 Equity Shares, representing 10% of the fully diluted voting share capital of Vedanta Limited (Target Company) from the Public Shareholders by Vedanta Resources Limited (Acquirer) together with Twin Star Holdings Limited (PAC 1), Vedanta Holdings Mauritius Limited (PAC 2) and Vedanta Holdings Mauritius II Limited (PAC 3) together with PAC 1 and PAC 2 to be referred as PACs, in their capacity as the persons acting in concert with the Acquirer.
This corrigendum to the public announcement dated January 09, 2021, is being issued by J.P. Morgan India Private Limited, the manager to the for and on behalf of the Acquirer and the PACs to the Public Shareholders.
“Assuming all Equity Shares are tendered in the Open Offer, the Acquirer, PACs and other members of the Promoter Group will hold 2,420,369,288 Equity Shares representing 65.11% of the Voting Share Capital”,” company shared in a regulatory filing on Thursday.
The offer price has been fixed at Rs160 per share, a 12% discount to the closing price on January 8.
At around 9.50 am, Vedanta Ltd was trading at Rs178.30 per piece up by Rs2 or 1.13% on the BSE.