UK: Labour Party wants Vedanta delisted from London Stock Exchange - News Summed Up

UK: Labour Party wants Vedanta delisted from London Stock Exchange


The UK's Opposition, Labour Party, has called for Vedanta to be delisted from the London Stock Exchange following the death of 13 people during violent protests against the mining giant in Tuticorin, Tamil Nadu. Vedanta must be immediately delisted from the London Stock Exchange to remove its cloak of respectability, restore confidence in the governance of the Stock Exchange, and prevent further reputational damage to London's financial markets from this rogue corporation," McDonnell said in a statement on Friday. "The news from Tamil Nadu that 13 protestors against Vedanta have been killed is shocking and demands action. Samarendra Das from Foil Vedanta also called on the UK government to investigate and delist this company. Sterlite was the first company set up by Agarwal in India before he launched Vedanta Resources on the London Stock Exchange in 2003, which is now a multinational FTSE 250 company with operations across India and Africa.


Source: dna May 26, 2018 09:22 UTC



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