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#Daylight #Robery of Govt Money for the Benefit of Anil Agarwal owned Vedanta. How can the Board of Directors of Indian Govt Owned (29% Shareholder) agree to this Purchase ?
As a shareholder of Vedanta Am happy. BUT as a citizen of India, am Unhappy.
So why am I Angry ?
As a shareholder of Vedanta Am happy. BUT as a citizen of India, am Unhappy.
So why am I Angry ?
Anil Agarwal led Vedanta Ltd on Thursday informed Exchanges that Vedanta Ltd will sell its Zinc International assets to its 65% owned Sub Hindustan Zinc Limited for cash consideration $2,981 million (~$3bn or 25000 Crores)
So what does Hindustan Zinc Get for $3bn ? They get THL Zinc Ltd (Mauritius) whose financials in the previous years are follows
Net Income; $1.31mn …. It’s NOT a typo…. It’s 1.31Mn
Amount of net worth contributed by THLZ = (USD 408mn)
Net Income; $1.31mn …. It’s NOT a typo…. It’s 1.31Mn
Amount of net worth contributed by THLZ = (USD 408mn)
