MUMBAI: Metals and mining magnate
Anil Agarwal
plans to use Rs 16,200 crore in cash to take the Mumbai-listed
Vedanta
Ltd
personal
, the Indian business said on Tuesday. Vedanta Resources, the London-based outfit which
Agarwal
delisted in 2018, is using Rs 87.5 for a share of Vedanta Ltd to minority shareholders of the BSE/NSE-traded business.
The offer price is at a 2%discount to Vedanta Ltd’s Tuesday closing rate of Rs 89.30 on the
BSE
however represents a 10%premium to the stock’s last trading cost on Monday. Vedanta Resources, in addition to other