Vedanta Resources Limited Executive Chairman Anil Agarwal announced on Friday the creation of a $10-billion fund, along with London-based Centricus, to invest in the government’s mega PSU disinvestment plan. In a tweet, Agarwal said, “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.”
.@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
He also said that companies like Hindustan Zinc and Bharat Aluminium Company Ltd (BALCO) prove his track record of turning around companies post disinvestment without retrenching a single employee.
Agarwal has also thrown its hat in the ring to acquire the government’s stake in state-run Bharat Petroleum Corporation Ltd (BPCL).
