Will Vedanta s open offer be a precursor to delisting?
The new open offer plan of Vedanta promoters at Rs 160 a share to buy 10 per cent stake from the public is seen as a renewed attempt towards delisting of Vedanta Ltd. The offer price is lower than the current market price of Rs 175
Nevin John | January 15, 2021 | Updated 21:53 IST
The market capitalisation of Vedanta stands above Rs 65,000 crore. The public holds about 49.5 per cent stake in Vedanta
Anil Agarwal became successful in delisting of his various companies and restructuring of Vedanta Group after multiple attempts and with initial rebukes from investors. His delisting plan for Vedanta Ltd had faced similar drubbing from investors, mainly from LIC of India, which had 6.37 per cent stake in the company.
Russia: PetroNeft announces potential acquisition of an additional 40 percent interest in Licence 67
15 Jan 2021
Licences 61 and 67 in the Tomsk Oblast, has signed Heads of Terms signed with
Belgrave Naftogas (formerly
40% interest in Licence 67 for US$2.9 million.
Background
Over the last 12 months, PetroNeft has significantly increased the focus on LIcence 67, as we look to develop the value of our portfolio. We have increasingly seen the significant potential that Licence 67 offers in terms of exploration and production. As a means of moving the Licence forward, in a cost-effective and timely way, a non-binding Heads of Terms has been executed between PetroNeft and Belgrave Naftogas to acquire an additional 40% interest in Licence 67, thereby increasing PetroNeft s interest from 50% to 90%.
PRYME s Workflow Ecosystem Selects Acuant to Deliver Identity Verification Systems
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LAS VEGAS, Jan. 15, 2021 /PRNewswire/ Merydyan is pleased to announce its partnership with Acuant, a leading global provider of identity verification solutions. With this integration,
PRYME workflow software is utilizing Acuant s identity verification, compliance and digital identity engine. Merydyan is a Wisconsin based LLC, created in 2013, powered by the PRYME ecosystem, a complete workflow solution of paperless software services with four key management categories: People, Activities, Assets and Business.
Achieve results with PRYME. Providing businesses with the ability to
develop/create any full circle workflow: paperless, web-based and private cloud hosted. All software is installed initially, no more purchasing of additional modules to get the latest and greatest – license what features you need, when you need them.
The reality for restaurants across the state is that many are closed and struggling to survive amid the coronavirus pandemic.
Walter Schild says he had to permanently shut down two of his restaurants. He says he called officials in Orange County to get help. I ve got thousands of dollars in bills for a business that you shut down and she said well that s the law you have to pay it and by the way if you don t pay this there s a 50% penalty after 30 days and then we re going to levy at your bank account, says Schild.
Schild and other owners say even though officials have shut them down they re still demanding money for health permits, fees, business taxes and liquor licenses even though they can t sell liquor. Restaurants from Los Angeles to San Francisco have filed class action lawsuits against the state and local governments.