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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.”

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

“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.

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