1. News
  2. Explained

Vedanta Resources to delist from London Stock Exchange et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jul 2, 2018 1:29 PM 2 min read

End of Week Wrap-up (Monday / July 02, 2018) #Vedanta #CCI #Airtel #Bharti #Interpol #RedCornerNotice #FDI #Volkswagen #Skoda #EU #tradewar #China #Trump #Transfin

Editor's Comment: Vedanta Resources to delist from London Stock Exchange, as he buyouts non promoter shareholders for $1bn. He looks to simplify the corporate structure of Vedanta and its subsidiaries. Agarwal owned-Volcan investments made a cash offer for GBP8.25/share; a 14% premium to company’s 3-month volume weighted average.


CCI approves Bharti Infratel- Indus Towers merger. Combined they will form a $14.6bn company with 1.63 lakh towers worldwide. Airtel and Vodafone will jointly control the combined company, as Airtel look to wrap up the deal before FY2018-19.


Interpol issues Red Corner Notice against jeweller Nirav Modi in PNB fraud. Interpol has asked its 192 member countries to arrest or detain the person if spotted in their countries after which extradition or deportation proceedings can begin.


FDI in India hits 5-year low with growth rate 3% at $44.85bn for FY2017-18. Economists claim that it is critical investments be revived and further ease of doing business in the country to attract more foreign investors.


Volkswagen Group announces 1bn Euro investment in India as VW aims 5% combined market share by 2025 with Skoda. This investment will allow setting up a new manufacturing line and a new product development centre, churning out 4000-5000 more jobs for R&D.


EU threatens to impose retaliatory tariff of $300bn on US to counter Trump’s tax hike on autos from EU. Trump has threatened a 20% tariff on all EU manufactured autos and auto parts.