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Article: India : HZL, Balco govt stake acquisition may happen next year: Vedanta chairman.
- Article from:
- TendersInfo
- Article date:
- August 13, 2009
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Byline: pinto03
Being positive about Vedanta Resources's possible acquisition of remnant government stake in its group firms Balco and Hindustan Zinc (HZL), the company's chairman, Anil Agarwal said that the deal may be struck by next year. Agarwal, who was at Indian Institute of Management, Ahmedabad (IIMA) for a session on 'Global Growth Strategies', said, "We are positive on the deal. We expect the acquisition of remaining government stake in Balco and HZL to be completed by next year."
Vedanta Resources had acquired about 51 per cent stake in Bharat Aluminium Company (Balco) and 64 per cent in Hindustan Zinc (HZL).
Talking about copper ...