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Vedanta postpones quarterly results amid going-private offer process

2nd August 2018

By: Reuters

  

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Miner Vedanta Resources, which is set to be taken private by chairman Anil Agarwal, postponed its quarterly production results to next Monday.

Agarwal's family trust offered about $1-billion in cash to take the London-listed company private earlier this week.

Vedanta, which was previously scheduled to report first-quarter production on Thursday, said the delay was due to the ongoing offer process.

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Edited by Reuters

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