{"id":463498,"date":"2022-01-24T09:17:27","date_gmt":"2022-01-24T03:47:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=463498"},"modified":"2022-01-24T09:29:23","modified_gmt":"2022-01-24T03:59:23","slug":"anil-agarwal-to-set-up-10-billion-fund-to-hunt-for-govt-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/anil-agarwal-to-set-up-10-billion-fund-to-hunt-for-govt-assets\/","title":{"rendered":"Anil Agarwal to set up $10 billion fund to hunt for govt assets"},"content":{"rendered":"<p>Vedanta Resources Ltd&#8217;s plan to set up a USD 10 billion fund to acquire state-owned firms has attracted interest from sovereign wealth funds and the corpus will be floated once the government invites price for firms such as BPCL NSE 0.05 % or Shipping Corporation of India (SCI), its chairman said. Metals and mining magnate Anil Agarwal&#8217;s group has expressed interest to acquire government stake in Bharat Petroleum Corporation Ltd (BPCL) and SCI NSE 0.52 %, worth over USD 12 billion.<\/p>\n<p>&#8220;We are creating a USD 10 billion fund,&#8221; Agarwal said in an interview.<\/p>\n<p>The fund will be made of Vedanta&#8217;s own resources and outside investment. &#8220;We have a tremendous response for this, especially from the sovereign wealth funds,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Resources Ltd&#8217;s plan to set up a USD 10 billion fund to acquire state-owned firms has attracted interest from sovereign wealth funds and the corpus will be floated once the government invites price for firms such as BPCL NSE 0.05 % or Shipping Corporation of India (SCI), its chairman said. Metals and mining magnate Anil Agarwal&#8217;s group has expressed interest to acquire government stake in Bharat Petroleum Corporation Ltd (BPCL) and SCI NSE 0.52 %, worth over USD 12 billion. &#8220;We are creating a USD 10 billion fund,&#8221; Agarwal said in an interview. The fund will be made of [&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":[130,191,136],"tags":[],"class_list":["post-463498","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/463498","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=463498"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/463498\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=463498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=463498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=463498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}