What on earth is Anil Agarwal up to? That has puzzled the market since the chair and founder of Vedanta Resources bought a near 20% stake in Anglo American two years ago. Next year his Volcan Investments trust must either pay up for the Anglo shares it bought with a loan, or extend the timeline on the bonds. Speculation of a potential takeover bid by Agarwal remains. When he acquired the stake, in 2017, the mining tycoon shrugged off rumours that he planned a takeover bid for the multinational corporation, or that he was gunning for a board seat. Instead he insisted that the acquisition, which made his family trust the single largest shareholder in Anglo, was purely a personal investment. But of late Agarwal’s moves have helped to fan the flames of speculation as to what his real agenda might be. PODCAST: The growing power of class action lawsuits Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Cast | Player.fm Last month, at the opening of Vedanta Zinc’s Gamsberg mine — one ...

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