{"id":351188,"date":"2020-05-13T12:39:16","date_gmt":"2020-05-13T07:09:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351188"},"modified":"2020-05-13T13:14:40","modified_gmt":"2020-05-13T07:44:40","slug":"billionaire-anil-agarwal-explores-buyout-of-vedanta","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/billionaire-anil-agarwal-explores-buyout-of-vedanta\/","title":{"rendered":"Billionaire Anil Agarwal explores buyout of Vedanta"},"content":{"rendered":"<p>Billionaire Anil Agarwal plans to take Indian commodities giant Vedanta Ltd. private as the tycoon continues to simplify his investments.<\/p>\n<p>The businessman is proposing a price of 87.5 rupees ($1.16) per share to buy the 49.9% he doesn\u2019t own of the company from minority investors, a 9.9% premium over Monday\u2019s closing price, his holding company said in a statement Tuesday. The announcement confirmed an earlier story by Bloomberg News.<\/p>\n<p>Vedanta shares have fallen more than 40% this year, giving the company a market value of about $4.4 billion. Taking the company private is the \u201cnext logical step\u201d in its simplification process and will provide more financial flexibility, Vedanta said in the statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Anil Agarwal plans to take Indian commodities giant Vedanta Ltd. private as the tycoon continues to simplify his investments. The businessman is proposing a price of 87.5 rupees ($1.16) per share to buy the 49.9% he doesn\u2019t own of the company from minority investors, a 9.9% premium over Monday\u2019s closing price, his holding company said in a statement Tuesday. The announcement confirmed an earlier story by Bloomberg News. Vedanta shares have fallen more than 40% this year, giving the company a market value of about $4.4 billion. Taking the company private is the \u201cnext logical step\u201d in its simplification [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-351188","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=351188"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351188\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}