Vedanta founder spends £2.7m
A round-up of the biggest director deals today so far.
Billionaire industrialist Anil Agarwal has lifted his stake in Vedanta, the Indian mining company he founded, spending a cool £2.7m on shares.
Through his investment vehicle Volcan, he took 200,000 shares at 628p, 155,000 shares at 650p and 70,000 at 615p.
Volcan now has 156.4m shares in Vedanta, which is more than 55% of the company.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Agarwal founded Vedanta, which mines for copper and other metals in India, Zambia and Australia, in 1976.
Top Director Buys
Value: £1,256,800
Value: £1,007,345
Value: £430,500
Value: $49,995
Value: £26,000
Value: £20,000
Value: £20,000
Value: £10,400
Top Director Sells
Value: $527,301
Value: £36,400
Value: £27,000
Value: $13,212
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published