"Anil AgarwalNRI billionaire Anil Agarwal-led Vedanta Resources today said it will not offer more than the already announced $1.87 billion to buy bankrupt American miner Asarco but is confident that it can clinch the deal with the support of the US government and the trade unions.
"We will not increase our bid in any circumstances. We believe we are well placed. The US government is with us, the trade union is with us," Vedanta Resources Chairman Anil Agarwal told PTI in an interview on the phone....
If the Asarco bid is lost, Agarwal said that he will look for other opportunities...."