Problem with BSE website; Anil Singhvi talks to Dharmesh Mehta of DAM Capital



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Vedanta Delisting Update: Today is the last date for tendering Vedanta shares for delisting bid but the bidders are unable to bid as there was a problem with the BSE website today. Zee Business Managing Editor Anil Singhvi talked to the advisor of Vedanta Delisting issue Dharmesh Mehta, MD & CEO at DAM Capital and asked whether they will ask for one more day for bidding. Mehta replied to Anil Singhvi that they have raised the issue with the BSE and final decision in this regard is vested with SEBI only.

On problem in the BSE site from today morning, Dharmesh Mehta told Anil Singhvi, “There is problem with the BSE website from today morning and it is not getting updated since 11:00 AM. We have raised the issue with the market regulator body SEBI and hopefully they will take proper decision in this regard.”

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On whether Vedanta will ask for one more day being given for the bidder on Monday to tender their Vedanta shares for delisting, Mehta told Anil Singhvi, “This is not in our hands. In fact, we have raised the issue with the market regulator and now SEBI will take decision in this regard. In they feel, they can increase the last date of bidding to Monday too. But we don’t have any role to play in it except raising the problems being faced by the bidders while bidding.”

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Anil Singhvi also asked Mehta that Vedanta delisting is taking place at BSE while there are some brokers who don’t have the BSE terminal. In that case, those who have Demat Account with such brokers, is there any option for them to bid for the delisting? In reply, Dharmesh Mehta said that in that case, the bidder will have to find a broker who has BSE terminal otherwise there is no option to tender the bid.

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