PSU Divestments: Anil Agarwal joins hands with Centricus for $10 bn fund to participate in PSU divestments

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NEW DELHI: Metals and mining magnate Anil Agarwal on Friday introduced teaming up with London-based agency Centricus to create a USD 10-billion fund that may make investments in stake sale of public sector undertakings.

Centricus is a world funding agency.

Agarwal, who’s the chief chairman of Vedanta Resources mentioned in a tweet, “Teamed up with London-based firm Centricus to create a USD 10-billion fund that will invest in stake sale of public sector companies. We are excited with the Union Budget’s strong focus on disinvestment and would like to participate in the exercise.”

He additional tweeted that “@Hindustan_Zinc & @Balco_India exemplify our track record of turning around companies post disinvestment without retrenching a single employee.”

Vedanta Resources Ltd is a globally diversified pure sources firm.

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