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Anil Agarwal News

12 Oct 2023

This Bihar Boy Shared Tiny Room In Mumbai With 7 Other People, Now Billionaire

Anil Agarwal's story is of a man who did not give up despite several failures because he had bigger dreams and achieved them through unrelenting hard work and perseverance.

Vedanta Limited

22 Nov 2022

Vedanta announces 1750% dividend; Check record date, other details

Vedanta Limited has announced the third interim dividend of the year for its shareholders. Billionaire Anil Agarwal-led mining giant said its board of directors finalised the dividend at November 22 meeting. Vedanta will pay a 1750 per cent dividend to its shareholder on a face value of Re 1 each.

13 Nov 2022

Vedanta-Foxconn to set up downstream in Maharashtra, bigger than Gujarat

Vedanta-Foxconn signed an MoU with the Gujarat government to set up a semiconductor unit. Vedanta-Foxconn would invest Rs 1,54,000 crore to set up the facility in Gujarat. Rs 94,000 crore will go into setting up the display manufacturing unit, while Rs 60,000 crore will be invested in the semiconductor facility.

23 Jan 2022

Anil Agarwal to set up $10 billion fund to hunt for govt assets

The fund will be made of Vedanta's own resources and outside investment. The idea is to create a fund with a 10-year life span that will use a private equity-type strategy, buying into companies and boosting their profitability before seeking an exit.

13 May 2020

Anil Agarwal to take Vedanta private

Agarwal-controlled Vedanta Resources will offer Rs 87.5 per share to nearly 49 per cent public shareholders of Vedanta Ltd.

28 Mar 2019

Vedanta makes oil discovery in KG block

Vedanta holds 100 per cent participating interest in the block.

31 Jul 2018

Agarwal makes firm offer to delist Vedanta from London Stock Exchange

In addition, the shareholders will be entitled to receive the dividend of USD 0.41 per share in respect of the 12 months ended March 31, 2018.

02 Jul 2018

Anil Agarwal to delist Vedanta Resources from LSE

The move comes weeks after the killing of 13 protesters in police firing at the firm's copper smelter plant in Tamil Nadu last month that led to political opposition to the company in the UK and drop in its share price.

25 May 2018

Committed to environment, welfare of people in Tuticorin: Vedanta Chairman

Vedanta has often been accused of making a mockery of environmental laws. The latest fire that Anil Agarwal is attempting to fight is raging in Tamil Nadu's Tuticorin district.

24 May 2018

Deadly protests land a blow to Indian resources magnate Agarwal's ambitions

Agarwal, who holds a 71.4 percent stake in Vedanta, told the Financial Times in an interview published on Wednesday that he plans to step back from running the company.

16 Apr 2018

Srinivasan Venkatakrishnan appointed CEO of Vedanta Resources

Venkatakrishnan, or Venkat as he is known, is currently the CEO of Johannesburg-based AngloGold Ashanti Ltd, the world's largest emerging market gold producer.

29 Mar 2018

Vedanta hit by up to $600 million charge for Goa iron ore unit closure

The latest ban would affect not only Vedanta but also several small unlisted companies run by local families.

23 Mar 2018

Rajya Sabha polls: BJP celebrates triumph of all nine candidates in UP

The BJP candidates were Union Finance Minister Arun Jaitley, national general secretary Anil Jain, spokesman GVL Narasimha Rao, Vijay Pal Tomar, Kanta Kardam, Ashok Bajpai, Harnath Yadav, Sakaldeep Rajbhar and Anil Agarwal.

21 Sep 2017

Anil Agarwal to boost Anglo American stake, invest $2 billion

De Beers, the world's leading diamond exploration, mining and marketing company, producing over 30 million carats of diamonds per annum, 35 per cent of global rough diamond production.

Vedanta Resources

01 Sep 2017

Vedanta to invest Rs 50,000 crore on India biz expansion: Agarwal

He further said that this decade will belong to India and it is the best time to invest here.

31 Aug 2017

Vedanta chairman wants govt to lessen approvals for businesses

The government needs to improve business climate further, encourage self certification and trust entrepreneurs for promoting new businesses, NRI billionaire Anil Agarwal said on Thursday.

01 May 2017

Cairn accuses finmin official of ordering dividend freeze

British oil firm Cairn Energy plc has accused a senior finance ministry official of "privately" advising billionaire Anil Agarwal-led Vedanta Group to withhold its dividend income for a potential squaring off of a retrospective tax liability.

28 Mar 2017

Cairn-Vedanta merger: All approval in place barring RBI

Vedanta Ltd on Tuesday said it has received all approvals for its merger with Cairn India barring the RBI nod for issuing redeemable preference shares to the non-resident shareholders of the oil producer.

16 Mar 2017

Anil Agarwal to buy stake worth $2.4 billion in Anglo American

Mining billionaire Anil Agarwal plans to buy stake in South Africa's Anglo American Plc for up to 2 billion pounds (USD 2.4 billion) to gain a foothold in diamond mining business.

19 Feb 2017

Vedanta to invest $10 bn on expanding business

Metals and mining conglomerate Vedanta will invest USD 10 billion in 3-4 years on expanding business across verticals, company's Chairman Anil Agarwal said.

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