NEW DELHI: Shares of Vedanta were trading flat in Friday's trade on exclusion from CLSAs Asia ex-Japan long only portfolio.Foreign brokerage CLSA excluded the stock from its Asia ex-Japan long only portfolio in favour of Australian oil and gas company Woodside Petroleum.The stock was trading 0.05 per cent lower at Rs 221 on BSE.On Thursday, the National Green Tribunal did not accept Vedanta's request to reopen the smelter on an interim basis, Reuters reported.
The company had sought a permanent injunction against the Tamil Nadu government from interfering with the operations of its copper smelter.The delisting plan for the parent Vedanta Resources Plc from London Stock Exchange was no way linked to the Tuticorin incident, Chairman Anil Agrawal said this week.
The move to delist Vedanta came weeks after killing of 13 protesters in police firing at the firm's copper smelter plant in Tamil Nadu last month that led to political opposition to the company in the UK and drop in its share price.
There were demands from some quarters that the firm be delisted from London Stock Exchange, PTI reported.
Meanwhile, there are reports that Volcan Investments, the family trust of Anil Agarwal-led Vedanta Resources Plc, is planning to acquire Anglo American Plcs South African business by merging the two units via a share swap.