India's Vedanta says Anglo American stake buy meets governance requirements

  • Reuters
  • Stock Market News
India's Vedanta says Anglo American stake buy meets governance requirements
Credit: © Reuters.

Feb 4 (Reuters) - Indian miner Vedanta Ltd VDAN.NS said https://www.bseindia.com/xml-data/corpfiling/AttachLive/1d83894b-3223-4952-b182-ed46c724e8f0.pdf on Monday that its foreign unit Cairn India (NS: CAIL ) Holdings Limited's investment in Anglo American Plc AAL.L met all governance requirements.

Vedanta's statement comes days after its shares plunged on Friday, as investors were skeptical of the merits of the investment and questioned the potential returns. miner said on Thursday that Cairn India had paid $200 million to buy a stake in Anglo American from its parent Volcan Investments Ltd as part of its "cash management activities".

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