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VEDL - Vedanta: Potential 16% Yield On Offer For Patient Investors
Vedanta Limited American Depositary Shares (Each representing four equity shares)
With Vedanta's (VEDL) delisting catalyst firmly in play, I think investors may find it worth revisiting this beaten-down name. As delisting scenarios in India typically happen at a premium, the exit price will certainly be something to watch out for. As things stand, I expect the reverse book build-derived threshold price will come in at a significant premium to the indicative offer price of Rs 87.5/share, which is significantly below book. I also see healthy dividends, eventually resuming in fiscal 2021 and 2022 to support the parent, Vedanta Plc, which should, in turn,