Vedanta Resources celebrates their 10 year listing anniversary
Anil Agarwal, Group Chairman, Vedanta Resources Plc and Tom Albanese, Group CEO, Vedanta Resources Plc, officially opened the London Stock Exchange (LSE) on Thursday September 25, 2014 to mark the 10th year of the company’s listing.
Vedanta Resources Plc (Vedanta) floated on the LSE with a global offer of ordinary shares of US$0.10 each at a price of 390p per ordinary share, generating net proceeds of £478 million and a market capitalisation of £1,115 million. At present, Vedanta has a share price value of £10.81 and a market capitalisation of £2.9 billion.
Since the listing, Vedanta’s Share Price Performance has grown by 131% and total Shareholder Return of 200 %, is higher that the FTSE-350 Mining and FTSE-100 Indices.
Vedanta is one of the world’s largest diversified natural resources companies, whose business primarily involves exploration, extraction and processing minerals and oil & gas. Vedanta has a presence across India, Zambia, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka. The Group operates on the belief that their people are their core assets and sustainable development is central to their global activities. It was the first Indian company to be listed on London Stock Exchange. Vedanta is one of the largest private sector employers in Zambia and has a 50 year vision for the country.
"Being a London listed company has helped us and our shareholders to flourish. We are delighted that we have outperformed the index over the last ten years and it is our mission to raise the bar as a listed company over the next decade." says Anil Agarwal.
Mr. Agarwal and Mr. Albanese will be joined at the opening ceremony by the company’s directors and senior management.