MUMBAI: Billionaire Anil Agarwal plans to take Indian commodities giant Vedanta Ltd private as the tycoon continues to simplify his investments.
The businessman is proposing a price of 87.5 rupees (US$1.16) per share to buy the 49.9% he doesn’t own of the company from minority investors, a 9.9% premium over Monday’s closing price, his holding company said in a statement. The announcement confirmed an earlier story by Bloomberg News.
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