Summary of – Vedanta Ltd. – Attempts to Go Private
Document Type
Article
Abstract
Case overview/synopsis
The case presents an opportunity to examine the corporate restructuring and governance issues associated with the delisting attempt of India-based mining company Vedanta Ltd., by its London-based parent company, Vedanta Resources. The case focuses on the conflict of interests between the promoters of a business group and the public shareholders of a subsidiary, and the pivotal roles independent directors and proxy advisory firms play in supporting the public shareholders.
Complexity academic level
The case can be discussed in a graduate-level corporate strategy course that deals with restructuring and governance issues in companies, especially large group companies. It can also be discussed in a course of corporate governance where students have the opportunity to understand the potential conflict between promoters and other shareholders, and the moderating roles the independent directors and institutions may play in resolving such conflicts.
Supplementary materials
Teaching notes are available for educators only.
Subject code
CSS 11: Strategy.
Results and Discoveries
Learning outcomes
On completion of analysis of this case, students would be able to: appreciate the context of a typical delisting decision of a public company that is part of a large business group; analyze the complex nature of the relationships among the promoter shareholders, minority shareholders, government-controlled financial institutions, independent directors and executive directors in such a situation of transfer of value; and develop the best possible course of action for the promoters, independent directors and public shareholders, keeping into consideration the principles of corporate governance and the objective of shareholders’ wealth maximization.
Citation to the base paper:
Das, A. and Guha, S. (2022), "Vedanta Ltd. – attempts to go private", Vol. 12 No. 1. https://doi.org/10.1108/EEMCS-06-2021-0204
Publication Date
2022
Recommended Citation
Das, A. and Guha, S. (2022), "Vedanta Ltd. – attempts to go private", Vol. 12 No. 1. https://doi.org/10.1108/EEMCS-06-2021-0204
Publication Date
2022
Recommended Citation
Das, Arindam and Guha, Sumantra, "Summary of – Vedanta Ltd. – Attempts to Go Private" (2022). Open Access archive. 9353.
https://impressions.manipal.edu/open-access-archive/9353
