Cairn India pays $200 mln to acquire stake in South Africa’s Anglo American

02/04/2019 12:29:00 PM (GMT)

Cairn India Holdings Ltd., a unit of Indian miner Vedanta Ltd, announced that its investment in South African mining company Anglo American PLC has reached all governance norms.

Cairn India paid $200 million to acquire a stake in Anglo American from Bahamas-based investment holding company Volcan Investments Ltd. as part of Cairn's cash management activities.

In 2017, Vedanta generated $9.99 billion in revenue.

In 2011, Anglo American Plc. divested a 24.5 percent share in its Chilean copper unit for $5.39 billion.

Cairn India Holdings Ltd.

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