The Vedanta founder has his hands full trying to keep the mining and metals giant relevant in an ESG-focused world. Will a shift to electronics be his silver bullet?
He is like Ramvilas Paswan of Metals."
That was a Twitter response to a popular investor who had tweeted: “Anil Agarwal is your lead indicator for the commodities bull market. He buys, we buy. If and when he does the IPO, we sell!!!”
This was on 23 November, when shares of Vedanta Ltd, Agarwal’s flagship company, saw a near 8% jump in response to news that the promoters were planning to increase their stake in Vedanta by buying shares at a 5.5% premium. Just days before, the billionaire entrepreneur had announced a major restructuring exercise at his mining and metals …
Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.
Managing Editor
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Mumbai