Vedanta's Anil Agarwal, Centricus plan $10b India M&A push

Vedanta's Anil Agarwal, Centricus plan $10b India M&A push

Anil Agarwal

Commodities tycoon Anil Agarwal is planning to invest $10 billion through a new partnership targeting government privatizations in India.

The billionaire is teaming up with London-based Centricus Asset Management Ltd. to seek investments in Indian companies offering substantial growth opportunities, according to a statement Thursday. They will look to turn around companies being sold off as part of the country’s 2.1 trillion ($29 billion) divestment program.

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