Billionaire Agarwal Weighs Vedanta Merger With India Unit
- Metals major’s holding company has about $11.4 billion of debt
- Move follows failed attempt to buy out Mumbai-listed Vedanta
Anil Agarwal
Photographer: Halden Krog/BloombergThis article is for subscribers only.
Indian billionaire Anil Agarwal is considering a potential merger of his commodity empire’s indebted holding company with cash-rich listed unit Vedanta Ltd., people familiar with the matter said.
The tycoon has held preliminary discussions with prospective advisers about the idea of combining his closely-held Vedanta Resources Ltd. with Mumbai-traded Vedanta Ltd., the people said, asking not to be identified discussing confidential information.