Hints and tips:
...Energy company Bharat Petroleum is set to be sold despite considerable delays....
...“I think it’s impossible to develop a vaccine in one year,” said Ravi Agarwal, a 45-year-old who runs a small kiosk selling tobacco and sweets in New Delhi. “My son has a blood disease....
...Vedanta Ltd, which has an equity market value of nearly $13bn, controls 64.9 per cent of Hindustan Zinc, one of the world’s biggest zinc producers, as well as a 51 per cent stake in Bharat Aluminium and...
...The company has long sought to obtain the government’s residual stakes in Hindustan Zinc and Bharat Aluminium, but Vedanta has been tied in long battles with New Delhi....
...So Mr Agarwal’s plan to add New Delhi’s near 30 per cent stake in Hindustan Zinc to Sterlite’s existing 65 per cent interest, and add its 49 per cent stake in Bharat Aluminium to its 51 per cent holding,...
...As part of the restructuring Vedanta has offered to buy the Indian’s government’s minority stakes in Hindustan Zinc and Bharat Aluminium Company....
...Agarwal has spent 15 years fighting, and says that little has changed in Jharia. He believes that there’s only one way this ends....
...His speciality is buying struggling companies and turning them round, such as Bharat Aluminium Company, a state-run producer that he bought in India’s first privatisation in 2001....
...Based on current market valuations, Sterlite and Vedanta also plan to spend $2.5bn on buying out the minorities in their companies, Bharat Aluminium, Hindustan Zinc and Konkola Copper Mines in Zambia....
...The company – set up by India-born engineer Sajjan Agarwal – makes all its products in five low-cost India plants....
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