Vedanta Resources Chairman Anil Agarwal teams up with Centricus to create $10 billion fund to invest in public sector companies
Agarawal said his decision comes in support of the budget s strong focus on disinvestment.
Vedanta Chairman Anil Agarwal (Image: PTI)
Executive Chairman of Vedanta Resources Limited, Anil Agarwal, has announced that he has teamed up with London-based firm Centricus to create a $10 billion fund that will invest in the stake sale of public sector companies.Agarawal said his decision comes in support of the budget s strong focus on disinvestment.
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.
Budget 2021: Here s how Corporate India is reacting to FM Nirmala Sitharman s budget
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in Parliament. Following are the reactions of industrialists to budget proposals. PTI
Vedanta Chairman Anil Agarwal (Image: PTI)
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in Parliament. Following are the reactions of industrialists to budget proposals:
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Vedanta Resources Executive Chairman Anil Agarwal tweets: Congratulations to @narendramodi and FM @nsitharaman for a very reformist #Budget2021 with many big ideas including strategic disinvestment of two public sector banks & one insurance company. Thrust on infrastructure will boost growth.
Vedanta’s Anil Agarwal partners with Centricus to invest $10 billion in PSUs acquisition: Report
Anil Agarwal plans to help state companies accelerate into “private firms with professional management”.
Vedanta Chairman Anil Agarwal (Image: PTI)
Vedanta Chairman Anil Agarwal, in partnership with Centricus Asset Management, is planning to invest $10 billion in state-owned companies with “substantial growth opportunities,” Bloomberg reported.
The public sector units (PSUs) being eyed are those under the hammer as per India’s Rs 2.1 lakh crore ($29 billion) disinvestment plan and includes a $1.2 billion stake in oil refiner Bharat Petroleum Corporation (BPCL), it added.
According to Agarwal, “entrepreneurial dynamism in India can unlock incredible transformation in the public sector” and will play a “crucial role in ongoing industrialisation.” He said he had plans to help state companies accelerate into “private firms with professional management”.