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
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
