just posted bse link for vedanta delisting
Vedanta Delisting bidding details can be seen here -
https://www.bseindia.com/markets/publicIssues/BSEBidDetails_ACQ.aspx?flag=ec&Scripcode=5255
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Satish
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Moneylife article with some sound advice for minority shareholders 
Guarav, we have to look in where the largest chunk starts from. So far very less tendering so not indicative. Should pick up tommorrow. Not able to find NSE link. Wondering if it is only on BSE
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I also had same issue at SBI smart, bid also got submitted at floor price.
Wandering in case discovered price is higher, will i be entitled to discovered price or they will take my shars at bid price??
Everyone who has bid at or below the discovered price (if that is accepted by the promoter as the delisting price) would be paid at discovered price. So do not worry. But check with your broker as you are free to bid at any price at or above floor price.
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The largest chunk seems to be ranging between 138 - 140. What happened to 250-350? And Investors are facing problems putting in their offer price on the broker website.
Do these two hint at something fishy…?
No of shares with public = 182.96 crore
90% of public shares needed for successful reverse book building = 164.66 crore
No of shares tendered as on 06-Oct-20 till 01:44pm price upto Rs. 140 = 7.643 crore which are 4.64% of 164.66 crore shares.
I think institutional investors will not fall for cheap price of 140/share.
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these are some standard tactics used by companies- for eg- investors that u have been able to convince/influence- get them to put bids early at the lower spectrum to make people feel that they risk not making the cut. Most of the action will be on thursday/friday
No, De-listing price is just artificial technical floor price. You should completely ignore it.
You should not sale in market rather place your bid at much higher price. Also looking the promoters’ track record you should not keep you stock post de-listing for too long.
- Bid higher
- If it comes with in final bid closing price, and Vedanta accepts it, Good
- If your bid price is higher compared to bid closing price, you can still sale your shares in market until exchange finally delist the company … or to promoters at bid closing price in off market transactions.
You should send a mail from your registered id to change the bid price. You do not loose any thing in doing that.
Vedanta price dropped today. Three possibilities
- Market thinks delisting will not happen
- Market thinks delisting will happen at a lower price
- Promoters are behind this and are manipulating the price (so that the bids come at lower prices)
I think 1) and 3) have higher probability of being true than 2)
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One query, if an investor buys Vedanta today and delisting goes through, how can an investor get the money at the delisting price?
Shareholder get 1 year time to tender shares to company at delisted price after delisting
The shares will be traded on the exchanges even after delisting process is successful. The market price will be very close to the delisting price. It will be a good idea to sell in the market. Of course unless you are holding more than a million shares which may affect the sales price…
as per bids being placed for vedanta delisting , delisting price can be no below Rs 320 . There may come a counter offer or delisting will fail .
So finally 90% shares been bid for delisting and retail shareholders have bided from Rs200/- to Rs 100000/- wow… But as per the book discovery method the price will be around Rs 320 to Rs 350. However promoter has an option of counter offer shall be anywhere between Rs 185 to max Rs 200…
Disc: holding small position bided at Ra 300/-
What is the procedure to accept/reject counter offer?