Vedanta looking at more acquisitions
After clinching Asarco's buyout deal at $ 1.7 billion, NRI billionaire Anil Agarwal-led Vedanta Resources is looking at more acquisitions in mining in view of lower valuations of these assets due to slowdown.
Vedanta Resources Plc said on Monday that it will acquire between 51% and 61% equity stake in Cairn India Ltd. for approximately US$8.5-9.6bn.