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Anil Agarwal joins Centricus for $10-bn fund to invest in PSU divestments

Vedanta Resources Ltd is a globally diversified natural resources company

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Vedanta Anil Agarwal | PSU divestment

Press Trust of India  |  New Delhi 

Anil Agarwal

Metals and mining magnate Anil Agarwal on Friday announced teaming up with London-based firm Centricus to create a USD 10-billion fund that will invest in stake sale of public sector undertakings.

Centricus is a global investment firm.

Agarwal, who is the executive chairman of Vedanta Resources said in a tweet, "Teamed up with London-based firm Centricus to create a USD 10-billion fund that will invest in stake sale of public sector We are excited with the Union Budget's strong focus on disinvestment and would like to participate in the exercise."

He further tweeted that "@Hindustan_Zinc & @Balco_India exemplify our track record of turning around post disinvestment without retrenching a single employee."


Vedanta Resources Ltd is a globally diversified natural resources company.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, February 12 2021. 23:10 IST
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