Anil Agarwal joins hands with Centricus for $10-billion fund to participate in PSU divestments

By: |
February 12, 2021 10:29 PM

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

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

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 companies. 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 companies post disinvestment without retrenching a single employee.”

Vedanta Resources Ltd is a globally diversified natural resources company.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1No cyber breach into NIC email system: Govt
2Is your MSME ready for private equity, venture capital? Here’s what it would take to attract private money
3NTPC invites EoI for hydrogen fuel cell based pilot projects