Volcan, a family trust belonging to founder and chairman Anil Agarwal, will buy out the shareholders of Vedanta Resources, which will be valued at a little over USD 3 billion. "The offer price of 825 pence per share ... represents a premium of approximately 27.6 percent to the closing price of 647 pence per Vedanta share on June 29, 2018; and 13.5 percent to the three-month volume weighted average price of 727 pence per Vedanta share to 29 June 2018," the company said in a statement.