Vedanta’s Q4 loss may aid delisting efforts

It may discourage investors from quoting higher prices for offering their shares as a part of the reverse book building process and if the company has to make an offer at a lower price (post reverse book building), then it could face less resistance from the investors who may be apprehensive to tender the shares below book value.

from Markets-Economic Times https://ift.tt/3h5bNtG