"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Saturday, July 18, 2009

Sterlite raises 1.5 Billion

Google News Alert for: asarco
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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