August 2, 2018 / 7:34 AM / 3 months ago

Vedanta postpones quarterly results amid going-private offer process

FILE PHOTO: A bird flies past the logo of Vedanta installed on the facade of its headquarters in Mumbai, India January 31, 2018. REUTERS/Danish Siddiqui/File Photo

(Reuters) - Miner Vedanta Resources Plc VED.L, 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.

Reporting by Muvija M in Bengaluru; Editing by Amrutha Gayathri

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