Vedanta to delist American depositary shares
24th Sep 2021

Vedanta is planning to delist its American depositary shares and concentrate all trading of its equity shares on the BSE and NSE. The company's board of directors has taken into account the recent low trading volume of its ADS on the NYSE and the associated costs of maintaining the listing and related obligations.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.