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Anil Agarwal faces shareholder resistance to $1bn Vedanta bid Anil Agarwal faces shareholder resistance to $1bn Vedanta bid
Published: 04 Jul 18
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 825p-a-share bid from Agarwal's family trust, Volcan, to acquire the 33.5% of the company that it does not already own and delist the group.
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