{"id":463638,"date":"2022-01-24T11:28:40","date_gmt":"2022-01-24T05:58:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=463638"},"modified":"2022-01-24T12:36:39","modified_gmt":"2022-01-24T07:06:39","slug":"vedanta-resources-ltd-to-set-up-10-bn-fund-to-hunt-for-govt-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-resources-ltd-to-set-up-10-bn-fund-to-hunt-for-govt-assets\/","title":{"rendered":"Vedanta Resources Ltd to set up $10 bn fund to hunt for govt assets"},"content":{"rendered":"<p>Vedanta Resources Ltd\u2019s plan to set up a $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 or Shipping Corporation of India (SCI), its chairman said. <\/p>\n<p>Metals and mining magnate Anil Agarwal\u2019s group has expressed interest to acquire the government\u2019s stake in Bharat Petroleum Corporation Ltd (BPCL) and SCI, worth over $12 billion. <\/p>\n<p>\u201cWe are creating a $10 billion fund,\u201d Agarwal said in an interview.<\/p>\n<p>The fund will be made of Vedanta\u2019s own resources and outside investment. \u201cWe have a tremendous response for this, especially from the sovereign wealth funds,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Resources Ltd\u2019s plan to set up a $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 or Shipping Corporation of India (SCI), its chairman said. Metals and mining magnate Anil Agarwal\u2019s group has expressed interest to acquire the government\u2019s stake in Bharat Petroleum Corporation Ltd (BPCL) and SCI, worth over $12 billion. \u201cWe are creating a $10 billion fund,\u201d Agarwal said in an interview. The fund will be made of Vedanta\u2019s own resources and outside investment. \u201cWe have [&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":[130,215,148],"tags":[],"class_list":["post-463638","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/463638","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=463638"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/463638\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=463638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=463638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=463638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}