Anil Agarwal to get 27% in cos bought through $10 bn disinvestment fund
Mon, Jan 25, 2021 9:15 AM

Anil Agarwal to get 27% in cos bought through $10 bn disinvestment fund

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Vedanta Chairman, Anil Agarwal’s $10 billion fund is being set up in collaboration with Centricus to invest in government-owned firms planning for divestment. The fund will be structured is such a way that he gets a 27% interest in the acquired entities. It will submit expressions of interest, conduct due diligence and bring in expert management teams to run acquired companies.

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