Vedanta eying asset buys in India and Africa

Live Mint reported Mr Anil Agarwal of Vedanta group as telling CNBC-TV18 that London listed Vedanta Resources PLC hopes to buy the Indian government's remaining stakes in Bharat Aluminium Company Limited and Hindustan Zinc Limited. The Web site reported him as saying that the acquisitions are likely to cost around INR 70 billion to INR 80 billion. Mr Agarwal said “It is looking at copper and iron ore asset purchases in Africa and Central America, at an investment on the upper side of USD 2 billion." (Sourced from www.livemint.com)