| Sterlite gets its US$1.5 billion in a day after US ADS offering Mineweb - London,England,UK India's Sterlite Industries is not only gaining a following among US Asarco creditors, as US investors and Asian investors, as well as parent Vedanta, ... |
" Vedanta's stake in Sterlite [is] 61.7%....Vedanta Chairman Anil Agarwal said the ADS issue is the first in a series of actions that would soon include acquisition of mining assets in Africa and Central America....India's Economic Times reported that a fourth of the ADS book was purchased by hedge fund investors with about 85 percent of demand coming from the U.S. and Asia."
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