Vedanta thanks Shareholders, Regulators, BSE, Financing Banks & stakeholders for their support during delisting bid

Mumbai, 13th October, 2020: The bid to delist Vedanta Resources’ Indian subsidiary Vedanta Ltd has not been successful. We wish to reiterate our unflinching commitment to India particularly in the natural resources sector. We are confident that Vedanta Ltd will continue to grow from strength to strength as a listed entity on the Indian stock exchanges.

Launching the delisting bid to garner approx. 134 crore shares was indeed a mammoth task. We saw enthusiastic participation by our shareholders that took us within striking distance of our goal, short by only 7%.

The bid would have resulted in FDI inflow of over 3.15 billion dollars into the Indian economy and helped boost growth between 0.4% and 0.8% through the multiplier impact of such large infusion of funds.

Vedanta looks forward to unparalleled opportunities and growth in India. The company is committed to fulfilling the goal of Aatmanirbharta in the natural resources sector.

We wish to express our sincere gratitude and thank the Securities and Exchange Board of India, BSE, Vedanta’s shareholders, financing banks and advisors to the delisting offer for their unstinted support during the entire exercise.

About Vedanta Limited

Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa, Namibia, and Australia. For two decades, Vedanta has been contributing to India’s growth story, currently contributing 1 percent of India’s GDP. The company is among the top private sector contributors to the exchequer with the contribution of c. INR 32,400 crore in FY 2020.

Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment and on enhancing the lives of local communities. The company has been featured in Dow Jones Sustainability Index, conferred CII-ITC Sustainability Award, the FICCI CSR Award, Dun & Bradstreet Awards in Metals & Mining, and certified as a Great Place to Work. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.