Moneycontrol PRO

business

Vedanta hopeful of govt taking Rs 21,600 cr divestment bait

Vedanta Group currently holds 64.9 percent stake in HZL and 51 percent in Balco. It proposed the government on January 2012 to acquire the entire residual stake for Rs 17,200 crores valuing the combined stake at USD 3.2 billion at the then currency rate.

first published: Oct 15, 2013 09:51 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347