Vedanta is likely to get regulatory approval to launch a reverse book building process for delisting, CNBC-TV18 has learnt. The approval from the exchanges is likely to come by September 29, CNBC-TV18's Nimesh Shah has more details on this.

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The reverse book building is likely to be launched early next week. It is a five-day process for reverse book building. So if it is launched next week then the entire process of delisting including the open offer, will be done by mid-October.

According to some reports, the parent company Vedanta Resources, had already raised close to $3.15 billion for delisting, which indicates the price at which the company will be comfortable delisting - it could be between Rs 127 per share and Rs 135 per share.

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