Mining large Vedanta Group will look to bid for purchasing the federal government’s stake in Hindustan Copper Restricted as and when the state-owned agency is put up for privatisation, its billionaire founder Anil Agarwal mentioned.
He knowledgeable that the corporate is doing its due diligence for a similar.
“Sure we’re wanting (at) Hindustan Copper. We’re doing the due diligence. The dates haven’t come. As quickly as they announce the date, issues will likely be way more thrilling and other people will begin believing that the method is happening in India,” Mr Agarwal mentioned when requested whether or not he’s taking a look at taking part within the authorities’s disinvestment course of.
The Authorities has determined to promote as much as 10 per cent of its fairness holding in Hindustan Copper by supply on the market (OFS) and has mounted the ground worth of Rs 116.