InvestorQ : Why is Anil Agarwal of Vedanta readying a $10 billion war chest for acquisition of Indian PSUs?
Aditi Sharma made post

Why is Anil Agarwal of Vedanta readying a $10 billion war chest for acquisition of Indian PSUs?

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Mahima Roy answered.
5 months ago
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Anil Agarwal of Vedanta plans to invest $10 billion in taking over PSUs that the government of India plans to invest, beginning with BPCL. The government has lined up a Rs.210,000 crore divestment program that includes Air India, BPCL, LIC, IRFC, IREDA etc. Agarwal made a fortune buying gems like Hindustan Zinc and BALCO along the way.

Starting with BPCL, Agarwal plans to play a bigger role by helping the government in taking these companies private, helping them in transformation and also ensuring that the companies are privatized in terms of ownership and management also. Agarwal plans to do this in association with Centricus Asset Management.

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