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 […]