Anil Agarwal, Centricus arrange $10-bn fund for PSU stake sale

Vedanta Resources government chairman Anil Agarwal on Friday introduced teaming up with London-based agency Centricus to create a $10-billion fund that may put money into stake sale of public sector undertakings.
Centricus is a world funding agency.
Agarwal stated in a tweet, “Teamed up with London-based firm Centricus to create a $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 diversified pure assets firm.