Vedanta Shareholders Approve Buyout Offers
  • Prabha Hedge
  • Oct 31 2013

October 31: Vedanta Resources has received a shareholder approval to up its stake in Indian subsidiaries Hind Zinc and BALCO by paying up to $3.18 billion. The Indian government owns 29.5% stake in Hind Zinc and 49% in BALCO, and the centre has not responded officially to Vedanta's offer.