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Agarwal bids to de-list Vedanta Resources

Agarwal bids to de-list Vedanta Resources

Indian metals tycoon Anil Agarwal has tabled a £778m cash offer to buy the 33.5 per cent of shares in Vedanta Resources (VED) he doesn’t already own. The deal values the debt-laden miner at a 28 per cent premium to the company’s undisturbed share price, or an equity valuation of £2.33bn.

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