Vedanta Resources Chairman Anil Agarwal collabs with Centricus to create a $10 bn fund

Vedanta Resources Limited, Executive Chairman Anil Agarwal said, “He has partnered with London-based firm Centricus to create a $10 billion fund.”

In a series of tweets, Anil Agarwal said, “It will invest the funds in stake sale of public sector companies.”

Teamed up with London-based firm Centricus to create a $10 bn 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 Agarwal (@AnilAgarwal_Ved) February 12, 2021

“The decision comes in a support of the Budgets strong focus on disinvestment,” he tweeted.

.@Hindustan_Zinc & @Balco_India exemplify our track record of turning around companies post disinvestment without retrenching a single employee.@VedantaLimited #DeshKiZarooratonKeLiye

— Anil Agarwal (@AnilAgarwal_Ved) February 12, 2021

“Companies like Hindustan Zinc and Bharat Aluminium Company Limited (BALCO) exemplify his track record of turning around companies post disinvestment without retrenching a sine employee,” Agarwal added.