Billionaire Anil Agarwal looking to take Vedanta private
Vedanta shares have fallen more than 40% this year, so taking the company private is the ‘next logical step’
12 May 2020 - 19:29
London/Mumbai — Billionaire Anil Agarwal plans to take Indian commodities giant Vedanta private as the tycoon continues to simplify his investments.
The businessman is proposing a price of 87.5 rupees ($1.16) per share to buy the 49.9% he doesn’t own of the company from minority investors, a 9.9% premium over Monday’s closing price, his holding company said in a statement on Tuesday. ..
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