Vedanta says its Anglo American stake buy meets India’s criteria

Vedanta, the natural resources company controlled by Anil Agarwal said  its foreign subsidiary Cairn India Holdings’ $200 million investment in Anglo American met all governance requirements. The company, India’s largest miner and No. 1 iron ore exporter, said the deal was made on an arms-length basis in December 2018, adding it provided “significantly higher” returns compared […]

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Anil Agarwal faces shareholder resistance to $1 billion Vedanta bid

Indian billionaire Anil Agarwal faces investor resistance to his $1 billion bid to buy out minority shareholders in Vedanta Resources and take the London-listed Indian miner private. Vedanta, chaired by its 64-year-old founder Agarwal, on Monday announced that its independent board directors were prepared to back an 825 pence-a-share bid from Agarwal’s family trust, Volcan, […]

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Vedanta’s Anil Agarwal to become Anglo America’s top shareholder after $2 billion investment

Indian billionaire and chairman of the UK-based Vedanta Resources Anil Agarwal is planning to increase his investment in Anglo American by as much as 1.5 billion pounds ($2 billion), which would make him the biggest shareholder in the diversified miner. The acquisition of further shares will be done through Volcan Investments Ltd., the family trust of Agarwal, […]

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