On 12 May 2020, Vedanta Ltd., one of the largest Indian mining and metals companies, announced its decision to delist from all the stock exchanges through a buyback of 49% of shares held by the public. The price was fixed at INR 87.50 per share for the buyback program. The decision caught both the market and minority shareholders by surprise, as the company share price was at a 52-week low at the time of the announcement. Whether the decision to buy back and delist its stock is a fair deal or an ordeal for stakeholders can be established only through determining the fair value of the stock through appropriate methods. Students will be asked to value the shares of Vedanta Ltd. by using relative valuation techniques. The relative multiples of comparable companies are also considered to arrive at the fair price of Vedanta Ltd.