The public holds about 49.5 per cent stake in Vedanta. At the present price of Rs 130 a share, the delisting will be dearer by Rs 7,600 crore

Three entities have expressed interest. That includes Russian Fund Treasury RA Partners, Panama-based investment firm Avantulo Group and South American conglomerate Synergy Group Corp

Jet Airways crisis: Synergy Group Corp which owns a majority stake in Colombian carrier Avianca Holdings, the second-largest airline in Latin America, operates several airlines in South America. Avianca Holdings also has a codeshare partnership with Air India.

Jet Airways crisis: This is the third time lenders extended the deadline after August 3 and 10. The third deadline for submission of Expression of Interest (EoI) ended on August 31.

On the Bombay Stock Exchange (BSE), Jet Airways' stock gained as much as 4.90 per cent to Rs 41.75 apiece from Wednesday's close level of Rs 39.80 in an otherwise weak market

The airline's resolution professional Ashish Chhawchharia received an expression of interest from the overseas airline last week, well past the submission deadline of August 10

This comes after Eithad Airways, which owns 24 per cent stake in Jet, did not submit Expression of Interest (EOIs) for the stake sale in the bankrupt airline

The share of cash-strapped Jet Airways has hit 5 per cent lower circuit in intra-day trade on Tuesday after reports suggested that two potential investors, Volcan Investments and Eithad Airways, decided to back out.

Eros International Media Q1 results: Consolidated total income dipped by 5.93 per cent to Rs 210.29 crore in Q1FY20 versus Rs 223.57 crore in Q1FY19

In a statement on Monday, Anil Agarwal's Volcan Investments said that it took the decision to back away from Jet Airways based on its evaluations and other priorities

In a statement released on Monday, the investment company said that it took the decision to back away from Jet based on its evaluations and other priorities

Volcan and Vedanta Resources are the parent companies of Vedanta Limited

Vedanta's statement comes days after its shares plunged, as investors were sceptical of the merits of the investment and questioned the potential returns.

Vedanta hopes to gain from Venkatakrishnan's South African experience in leveraging the strength of its copper mines in the country.

The move comes weeks after the killing of 13 protesters in police firing at the company's copper smelter plant in Tamil Nadu last month that led to political opposition to the company in the UK and drop in its share price.

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 central state of Madhya Pradesh was likely to invite bids in the first week of November to explore the deposit, which is estimated to hold around 32 million carats of diamonds.