• Friday, December 09, 2022

Business

Indian billionaire Agarwal buys 11.4 per cent of miner Anglo American

Anil Agarwal’s empire continues to grow.

By: Sarwar Alam

Indian billionaire Anil Agarwal has become the second largest shareholder in Anglo American after acquiring 11.44 per  cent of the British mining group, the group said on Thursday. According to a notice posted on the London Stock Exchange, the Volcan Holdings investment company owned by Agarwal’s family now owns 11.44 percent of the group’s capital and voting rights following Tuesday’s share purchase. It is now the second largest shareholder behind South Africa’s Public Investment Corporation, which owns more than 13 percent. Agarwal’s investment is believed to be worth £1.9 billion pounds ($2.4 billion, 2.2 billion euros). The company’s market capitalisation…

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