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Vedanta keen to bid for government stake in Hindustan Copper

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Vedanta willing to bid for government stake in Hindustan Copper Ltd

Its billionaire founder Anil Agarwal said mining giant Vedanta Group will consider bidding to buy the government’s stake in Hindustan Copper Ltd when the state-owned company is put up for privatization.

He told that the company is trying its best for this.

“Yes, we are looking at Hindustan Copper. We are doing due diligence. The dates have not come. As soon as they announce the date, things will be a lot more exciting and people will start assuming that the process is underway in India,” Mr. Agarwal said when asked whether he was considering participating in the government’s disinvestment process.

The government has decided to sell up to 10 per cent of its equity stake in Hindustan Copper through an offer for sale (OFS) and a minimum price of Rs 116.

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