volcan investments limited owner

For the next 10 years, he ran both businesses. His father Dwarka Prasad Agarwal had a small aluminium conductor business. He is also on the board of Anil Agarwal Foundation and Onclave PTC Ltd. and Owner at Volcan Investments Ltd. Mr. Agarwal previously held the position of Non-Executive Chairman at Bharat Aluminium Co. Ltd., Chairman-Emeritus at Vedanta Ltd. and Non-Executive Chairman for Sterlite Industries (India) Ltd. 1,796 crore (about $36 million). Connections What do these terms mean? ANZ ANZ DRR DRR Anil Agarwal (born 1954) is the founder and Chairman of Vedanta Resources Limited. For a trust, the trustee(s), settlor and beneficiaries must be named. Education. Volcan Compañía Minera S.A.A. Anil Agarwal is the chairman of Vedanta Resources Plc, a company he founded in 1976. The company started as a cable manufacturer and went on to be listed in the London Stock Exchange in 2003. It is important to note that in May 10th 2019, 60% of the representative shares of Terminales Portuarios Chancay (TPCH), owner of the Chancay Port project, were sold to Cosco Shipping Ports Limited (CSPL). [17] In 2007, Vedanta Resources acquired a controlling stake in Sesa Goa Limited, India's largest producer-exporter of iron ore,[18] and in 2010, the company acquired South African miner Anglo American's portfolio of zinc assets in Namibia, Ireland and South Africa. Volcan Investments : Volcan Investments Ltd - Intention Statement. A local judge stated: "This was lack of corporate responsibility and criminal, and a tipping point for corporate recklessness". Whether global or local, our work for good is financed by our thoughtful investing and innovative development. Vedanta's actions in Odisha were rebuked by the British commerce agency, and the Church of England investment funds sold their shares in the company in protest. Volcan also owns 21% of Anglo American which is a … Headquarters Address. Legal Address. Vulcan was founded in 1986 by Paul G. Allen and Jody Allen. For a trust, the trustee(s), settlor and beneficiaries must be named. [27] In the financial year 2013–14, the Vedanta group companies and the Vedanta foundation invested US$49.0 million in building hospitals, schools and infrastructure, conserving the environment and funding community programs that improve health, education and livelihood of over 4.1 million people. Volcan Investments Ltd, the family trust of Vedanta Resources Plc. Volcan Investments … Reuters 515d. 1 Name of Listed Entity : VEDANTA LIMITED 2 Scrip Code/Name of Scrip/Class of Security : 500295,VEDL,EQUITY SHARES 3 Share Holding Pattern Filed under: Reg.31(1)(b) a. if under 31(1)(b) then indicate the report for quarter ending: September 30, 2020 b. if under 31(1)(c) then indicate date of allotment/extinguishment : NA Store Manager at Volcan Holdings Limited Kenya 70 connections. A weak credit profile could put pressure on Vedanta’s current rating of Ba3, Moody’s said. Gorey Investments Limited 1,704,333 0.6% Notes (1) Based on 281,824,154 ordinary shares in issue, as disclosed pursuant to the Rule 2.9 disclosure in the 2.4 announcement dated 2 July 2018. Minority holdings are shown as faint lines. It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. Its activities are classified under CIUU Code No 1320 – Extraction of Non-Ferrous Metal Ores. (hereinafter “the Company”) is a subsidiary of Glencore AG, which is a subsidiary of Glencore Plc., a company domiciled in Switzerland, hereinafter the Parent, owner of 63% of common class A voting shares and an economic interest of 23%, excluding treasury shares. [33] Agarwal has pledged to donate 75% of his family's wealth to charity, saying he was inspired by Bill Gates. Volcan Investments owns 100% stake in Vedanta Resources which is London based and owns 50.1% in Vedanta India. They were able to bid successfully for BALCO and Hindustan Zinc Limited, both bankrupt companies that had been closed down for 4 years. He soon realized that the profitability of his business was volatile, fluctuating with the prices of his raw materials: copper and aluminium. He was ranked 25th in the Hurun India Rich List with a personal fortune of 12,316cr. We work with partners to solve some of the world’s biggest challenges facing oceans, climate, conservation, and communities. [29][30] The activities funded by his philanthropy are focused on child welfare, women empowerment and education. Anil Agarwal was ranked second in Hurun India Philanthropy List 2014 for his personal donation of Rs. 159.941 per share, through a bulk deal on the BSE and National Stock Exchange of India (the “December 2020 Equity Share Purchase”). VRL is completely dependent on Vedanta Limited (the listed VEDL) and Hindustan Zinc (HINDZINC) to pay its debt obligations. External Public Records. C/O ELCO CORPORATE SERVICES LIMITED LOYALIST PLAZA, DON MACKAY BOULEVARD PO BOX AB 20377 MARSH HARBOUR BS-CO BS. [19] The next year, Vedanta Resources acquired controlling stake in Cairn India, India's largest private sector oil-producing firm. 190, Woodlands Industrial Park E5, #03-12, Woodlands Bizhub, Singapore 757516. Agarwal said Vedanta was the first Indian company to be listed on the London Stock Exchange in 2003. To access international capital markets, Anil Agarwal and his team incorporated Vedanta Resources Plc in 2003 in London. Volcan Investments, the majority owner of Vedanta with a 66.5% stake, has now made its £8.25/share ($10.65/share) bid unconditional after it received acceptances for its offer from shareholders representing more than 75% of outstanding stock. July 2018. He controls Vedanta Resources through Volcan Investments, a holding vehicle with a 100% stake in the business. So he decided to control his input costs by manufacturing the metals instead of buying them.[11]. 1 per equity share (Title of Class of Securities) 859737207 (CUSIP Number) December 31, 2010 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the … The business magnate, who currently resides in London, controls a string of investments across the world via Volcan Investments. President, Global Zinc Business & Whole Time Director, Hindustan Zinc Limited In 1993, Sterlite Industries became the first private sector company in India to set up a copper smelter and refinery. Volcan performs the marketing of all products and concentrate. Vedanta Resources, headquartered in London, is a globally diversified natural resources conglomerate, with interests in zinc, lead, silver, copper, iron ore, aluminium, power generation, and oil and gas. Mr. Agarwal occupies the position of President for Jindal Aluminium Ltd. and Chairman of Sterlite Gold Ltd. HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED, Vedanta says interested in buying government's stake in BPCL, SoftBank's Oyo lays off over 1,000 employees in India amid profit push, Zambia says no meeting planned with Vedanta over Konkola mine. His first opportunity came when the government announced a disinvestment program. In addition, "hundreds of former mine workers are fighting Vedanta for severance or disability pay. Vedanta Resources Limited (VRL), owned by promoter Anil Agarwal holds 51% stake in Vedanta limited and 35% stake in Hindustan Zinc. In 2005, another committee of the Indian Supreme Court charged that Vedanta had forced over one hundred indigenous families from their homes in the Indian state of Odisha, where it sought to mine bauxite. On 22 May 2018 the protests took a deadlier turn as 13 people were killed and several others injured,[25] following a police shooting. A … Volcan Investments Limited ("Volcan Investments") COMPULSORY ACQUISITION OF OUTSTANDING VEDANTA SHARES . Meanwhile, in January 1993, D. P. Agarwal founded Twinstar Holdings Limited in Mauritius, which was mostly owned by Volcan investments. [6][7] and decided to join his father's business, making aluminium conductors, instead of going to university. 1 Name of Listed Entity : VEDANTA LIMITED 2 Scrip Code/Name of Scrip/Class of Security : 500295,VEDL,EQUITY SHARES 3 Share Holding Pattern Filed under: Reg.31(1)(b) a. if under 31(1)(b) then indicate the report for quarter ending: June 30, 2020 b. if under 31(1)(c) then indicate date of allotment/extinguishment : NA VOLCAN INVESTMENTS LTD… Address of Principal Business Office or, if none, Residence: The address of the principal business office of Vedanta, VRHL and Twin Star is Hill House, 1 Little New Street, London EC4A 3TR, United Kingdom. Owner Volcan Pte. Sterlite Industries (India) Limited (Name of Issuer) Equity shares, par value Rs. Bloomberg; October 26, 2020, 08:42 IST The wholly family trust-owned Volcan Investments Ltd., which held about two-thirds of Vedanta Resources prior to announcing an around $1 billion buyout offer in … Volcan Investments, the majority owner of Vedanta with a 66.5% stake, has now made its £8.25/share ($10.65/share) bid unconditional after it received acceptances for its offer from shareholders representing more than 75% of outstanding stock. Indian miner Vedanta Resources has announced that its majority shareholder Volcan Investments Ltd intends to make an additional investment in UK-based mining giant Anglo American by buying £1.25 billion to £1.5 billion worth of shares in addition to the £2 billion investment made in March this year. That’s the most since 2017, according to data compiled by Bloomberg. chairman Anil... Manufacturing Vedanta’s Agarwal to raise stake in Anglo American for $2 bn Vedanta Resources Limited, headquartered in London, is a diversified resources company with interests mainly in India. Singapore Management University . “The offer is being extended and will remain open for acceptances until further notice,” Volcan said on September 3. Volcan Investments, the majority owner of Vedanta with a 66.5% stake, has now made its £8.25/share ($10.65/share) bid unconditional after it received acceptances for its offer from shareholders representing more than 75% of outstanding stock. Volcan Investments Ltd ("Volcan ") (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. D.P. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power. There is no network data available with these settings. Its main operations are held by Vedanta Ltd, a 50.1 per cent-owned subsidiary. [10] In 1976, Anil Agarwal acquired Shamsher Sterling Corporation, a manufacturer of enameled copper, among other products, with a bank loan. Its activities are classified under CIUU Code No 1320 – Extraction of Non-Ferrous Metal Ores. LEI: 213800V1LKF52CA44390. ... Vedanta is the beneficial owner of 1,728,034,417 Equity Shares of the Company, consisting of: (i) Item 3 of the Schedule 13D is hereby amended and supplemented as follows: On December 24, 2020, Mauritius II purchased 185,000,000 Equity Shares for aggregate cash consideration of Rs. That’s the most since … C/O ELCO CORPORATE SERVICES LIMITED LOYALIST PLAZA, DON MACKAY BOULEVARD PO BOX AB 20377 MARSH HARBOUR BS-CO BS . 16. Volcan performs the marketing of all products and concentrate. [22] The greatest share of its assets, however, is in India; Agarwal lives in London. [31][32], In 2015, the Vedanta group in partnership with Ministry for Women and Child development inaugurated the first "Nand Ghar" or modern anganwadi, of the 4,000 planned to set up. James Dyson tops the list", "Two days after police kill 13 anti-Sterlite protestors in Thoothukudi, sorrow and anger fill the air", "Stream of Foreign Wealth Flows to Elite New York Real Estate", "Mining baron Anil Agarwal's father dies at 87; associated with Vedanta Foundation for last three decades", "Sesa Sterlite wins Asian CSR Leadership Award", "How Andrew Carnegie set the stage for Bill Gates to give away his fortune, altering philanthropy forever", "Vedanta mining tycoon Anil Agarwal vows to give away fortune", "Nand Ghar project launched by Vedanta, women and child ministry", "ET Awards 2012: Anil Agarwal is the Business Leader of the Year", "Vedanta Chairman Anil Agarwal wins One Globe Forum award", "Vedanta stripped of safety awards in light of Indian site disaster", https://en.wikipedia.org/w/index.php?title=Anil_Agarwal_(industrialist)&oldid=998434473, Short description is different from Wikidata, Articles with unsourced statements from July 2019, Creative Commons Attribution-ShareAlike License, The Vedanta Foundation, Sterlite Industries, Mining Journal Lifetime Achievement Award - 2009, The Asian Awards Entrepreneur of the Year - 2016, The One Globe Forum (OGF) award for creating a strong social impact for the communities the group operates in, and for initiatives such as Nand Ghar - 2018, This page was last edited on 5 January 2021, at 10:36. 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