Hello Investing gurus,
Over the years, I had invested in VEDL, which is an ADR (American Depository) listed in NYSE. The company is an Indian company (Vedanta, listed on the Bombay Stock Exchange) that is in the process of getting delisted and they have started the Reverse Book Building process today.
I'm trying to understand the implications of the delisting for VEDL listed on NYSE and the options I have. I'm based in US and don't have a trading / Demat account in India.
Information for Vedanta ADS/ADS delisting process is scanty, though, while doing some digging, I did find section 20-21.13 in their SEC filing. Honestly, the parlance isn't the easiest to understand, and I'm wondering if someone who speaks that SEC dialect or has interest in VEDL has an ELI5 version.
Submitted October 05, 2020 at 10:59PM by sr202212212 https://ift.tt/3iE1YlP
