What Vedanta's Anil Agarwal plans to do with his 13% stake of Anglo American

Earlier this month, Agarwal said he would buy a 2 billion pound ($2.5 billion) stake in Anglo American and had no intention of taking control of the mining company.

March 28, 2017 / 10:41 IST

Indian billionaire Anil Agarwal said he was happy with his personal 13 percent stake in mining company Anglo American and was just planning to keep it as an investment for now.

"I got the opportunity to take 13 percent share of that company because I also believe that India and Africa go hand in hand," Agarwal told a business summit.

"I have no other intention at the moment, just to be an investor ... I have taken a position. At the moment I am very happy with the 13 percent," he said.

Earlier this month, Agarwal said he would buy a 2 billion pound ($2.5 billion) stake in Anglo American and had no intention of taking control of the mining company.

first published: Mar 28, 2017 08:54 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

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