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Infrastructure

Vedanta chief Anil Agarwal makes firm offer to buy rest of company

Updated : July 31, 2018 01:52 PM IST

Vedanta Resources Plc said on Tuesday Chairman Anil Agarwal's family trust, Volcan Investments, made a firm offer to buy Vedanta stake it did not already own in a deal that values the mining conglomerate at $3.07 billion.
Vedanta investors will receive $10.89 per share in cash for each share of the company, representing a premium of about 6 percent to the stock's Monday close.
Vedanta chief Anil Agarwal makes firm offer to buy rest of company
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