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Vedanta Resources to delist from London Stock Exchange

Vedanta Resources in a statement said it would recommend acceptance of the offer by the shareholders, who would also be entitled to a previously announced dividend of $0.41 per share. The company no longer sees the London listing as necessary to access capital and the deal will simplify Vedanta's corporate structure, it said.

 
 
The stock closed at 1208 level, higher by 32.50 points on the BSE. It rose up to 9.5% in early trade, hitting an intra day high of 1288.35 level on the BSE.
The stock opened at 6,077 level  on BSE today. It has been gaining for the last two days and has risen 6.97% during the period.
The stock has gained 45.62% during the last one year and clocked 12.11% returns since the beginning of this year.
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