The billionaire is working with London-based Centricus Asset Management Ltd on the fund, which will have a 10-year life span and use a private equity-type strategy
The fund will also target companies restructuring under India's bankruptcy regime, the people said
Setback for govt as Supreme Court allows the company higher cost recovery for Ravva field
Court rejects government's petition, which had said that billionaire Anil Agarwal's company, along with Videocon Industries Ltd., is entitled to recover only $198.5 million
Companies have already announced $26 billion of transactions to be taken private by a related party this year, up about 2,500% from the same period in 2019
Vedanta raised a $1.75 billion facility in August to finance a plan to take its Indian unit private, and is in talks with banks for a further $600 million
"Arable land in the country is also continuously decreasing. If there is no population control law in time, many problems will arise," the BJP MP said
The stock will be replaced by HDFC Life Insurance Company with effect from July 31. It will be replaced by SBI Cards in the Nifty 100 and Nifty 500 indices
Agarwal said that the closure of the plant two years back has led to a surge in copper imports, defeating the purpose of Aatmanirbhar Bharat campaign
On Tuesday, VRL had said it would acquire 49.86% from public shareholders at Rs 87.5 a share to delist Vedanta - lower than its last closing price of Rs 90.2
Agarwal-controlled Vedanta Resources will offer Rs 87.5 per share to nearly 49 per cent public shareholders of Vedanta Ltd
CEOs warn of economic depression, say need to work within new normal
Agarwal said the share price has moved up 40-50 per cent since the time the government announced its plan to sell stake in November last year
Govt has chosen fiscal prudence over massive spending. It should now efficiently finance and rapidly implement the National Infrastructure Pipeline worth Rs 102 trn announced previously
Company's foray into ferro alloy business to strengthen its steel business portfolio
Highlighting the business opportunities in the natural resources sector, Agarwal said that Indian industry should also explore in this sector
The Cabinet recently approved strategic divestment of the government's 53.29 per cent stake in BPCL
Referring to tourist attractions such as monuments and museums, he said, "These are run by the government. It is the time to think how can we make them independent, how we can make them free".
"Twin Star Technologies will not bid for RCom assets. The company is likely to make a formal announcement in the regard shortly," the source said
From Anil Agarwal and Mukesh Ambani joining the suitors' list for acquiring RCom assets to Sebi easing the process for onboarding overseas investors, here are the top business headlines for Thursday