Vedanta founder spends £2.7m

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.

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Agarwal founded Vedanta, which mines for copper and other metals in India, Zambia and Australia, in 1976.

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