July 2018. Vedanta said an independent committee, formed to review and evaluate the proposal, has indicated to Volcan Investments that it supports the offer and intends to recommend a firm offer to the shareholders. Volcan Investments Ltd. The company is based on 10 MARGARET STREET, LONDON, ENGLAND, W1W 8RL. He controls Vedanta Resources through Volcan Investments, a holding vehicle with a 100% stake in the 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. Current positions of Anil Kumar Agarwal : Name: Title: Since: Vedanta Limited … Founder chairman of Vedanta Resources, Anil Agarwal, and his family, are the key shareholders of Volcan. INTERESTS HELD BY DIRECTORS OF VEDANTA RESOURCES PLC Please refer to the opening position disclosure released by Volcan Investments Ltd in respect of Although this debt does not show on the books of Volcan, it must pay a 4 per cent coupon. If the graph is too big to see on one page, you can click and drag to pan around, and use your mouse wheel to zoom. In 2001, he acquired 51 percent in Bharat Aluminium Company (BALCO), a public sector undertaking; in the very next year, he acquired a majority stake (nearly 65 per cent) in state-run HZL(Hindustan Zinc Limited). [20] The merger of Sesa Goa and Sterlite Industries was announced in 2012, as part of the Vedanta Group's consolidation.[21]. External Public Records. Teamwork divides the task and multiplies success. Vedanta Resources Limited (VRL), owned by promoter Anil Agarwal holds 51% stake in Vedanta limited and 35% stake in Hindustan Zinc. In addition, "hundreds of former mine workers are fighting Vedanta for severance or disability pay. chairman Anil... Manufacturing Vedanta’s Agarwal to raise stake in Anglo American for $2 bn What is it? Store Manager at Volcan Holdings Limited Kenya 70 connections. In 2014, an audit was begun by Zambian officials due to suspicions that Vedanta has not been paying its proper fees to the government. ", In March and April 2018, there were renewed mass-protests against the company's plans of setting up a second smelting complex and to demand a shutdown of its Thoothukudi (Tuticorin) smelting plants, on grounds of violating environmental regulations. VOLCAN INVESTMENTS LIMITED. So he decided to control his input costs by manufacturing the metals instead of buying them.[11]. The company started as a cable manufacturer and went on to be listed in the London Stock Exchange in 2003. A local judge stated: "This was lack of corporate responsibility and criminal, and a tipping point for corporate recklessness". Anil Agarwal is the chairman of Vedanta Resources Plc, a company he founded in 1976. Vedanta Resources confirmed that the proposed investment is being made by Volcan alone, … [19] The next year, Vedanta Resources acquired controlling stake in Cairn India, India's largest private sector oil-producing firm. [23], According to The Sunday Times Rich List in 2020 his net worth was estimated at £8.5 billion. In 1992, Anil Agarwal created the Vedanta Foundation as the vehicle through which the group companies would carry out their philanthropic programs and activities. Among his inspirations, Agarwal counts Andrew Carnegie and David Rockefeller who built public works with their fortunes, and Bill Gates. Volcan Investments Limited is a company registered in Bahamas. Volcan Investments Ltd ('Volcan'), announces today that it intends to make an investment in Anglo American plc shares of up to £2.0 billion. Sydenham College of … Info-clipper.com brings you a complete range of reports and documents featuring legal and financial data, facts, analysis and official information from Bahamian Registry. In January 2019, CIHL invested in a structured product of Volcan Investments Ltd, a shareholder of Vedanta Resources, although the investment was subsequently unwound profitably in August 2019. The holding company of Vedanta Resources, Volcan Investments, too, is leveraged. C/O ELCO CORPORATE SERVICES LIMITED LOYALIST PLAZA, DON MACKAY BOULEVARD PO BOX AB 20377 MARSH HARBOUR BS-CO BS. View Weizhong’s full profile. 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 … Anil Agarwal was ranked second in Hurun India Philanthropy List 2014 for his personal donation of Rs. Vedanta Resources Limited, headquartered in London, is a diversified resources company with interests mainly in India. Anil Agarwal is the founder and Chairman of Vedanta Resources Limited. 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. [12] In 1995, Sterlite Industries acquired Madras Aluminium, a 'sick' company that had been shut down for 4 years and held by the Board for Industrial and Financial Reconstruction (BIFR). Legal Address. [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. Twin Star is the owner of 80.0% of the outstanding shares of MALCO and is a controlling shareholder of MALCO. VOLCAN INVESTMENTS, LLC: FLORIDA DOMESTIC LIMITED-LIABILITY COMPANY: WRITE REVIEW: Address: 11810 Ne 19th Dr Ste 7 N. Miami, FL 33181: Registered Agent: Lipson Stuart ESQ: Filing Date: October 26, 2015: File Number: L15000181547: Contact Us About The Company Profile For Volcan Investments, LLC 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. Chinese. Volcan also owns 21% of Anglo American which is a … LEI: 213800V1LKF52CA44390. Deployment of funds from Vedanta Resources to parent Volcan Investments could weaken its credit profile, ratings agency Moody's said, adding that the Indian listed arm Vedanta will have to pay additional dividend to the parent company to service Volcan’s debt. VOLCAN INVESTMENTS LTD… [39], Anil Agarwal at 2017 FICCI - IIFA Global Business Forum, Faculty of Management Studies – Institute of Rural Management, Jaipur (FMS-IRM), "The List of Great Entrepreneurs of India in 2015", "Vedanta investors look into human rights issues in India", "Anil Agarwal pledges 75% of his wealth to charity", "Don't be too smart, looking foolish is OK", "Anil Agarwal on Simplicity and Determination at Vedanta Resources", "Vedanta may offer 25% higher price for HZL, Balco stake", "Vedanta Resources formally lists on LSE", "Vedanta Resources Plc announces pricing for $1.7 bn bond", "Vedanta to buy UK firm's zinc assets for $1.3 bn", "Vedanta completes deal with Cairn India", "Sesa Goa, Sterlite merger becomes effective", "Billionaire Agarwal increases stake in Anglo American to 19%", "Rich List 2020: profiles 1-20. Search in ; Got a tip? [33] Agarwal has pledged to donate 75% of his family's wealth to charity, saying he was inspired by Bill Gates. That’s the most since … Reuters 515d. ... Vedanta is the beneficial owner of 1,728,034,417 Equity Shares of the Company, consisting of: (i) Vulcan was founded in 1986 by Paul G. Allen and Jody Allen. A … C/O ELCO CORPORATE SERVICES LIMITED LOYALIST PLAZA, DON MACKAY BOULEVARD PO BOX AB 20377 MARSH HARBOUR BS-CO BS . Languages. According to new research, the Global Public M&A market saw 403 new deals announced in 2018 for a total IEV of USD 1.5 trillion - a 13% increase in volume and a 11.6% increase in value compared to the previous year. MALCO Energy Ltd., part of Volcan Investments Ltd., is an Indian company located in Salem that generates and distributes hydroelectric power. [10] In 1976, Anil Agarwal acquired Shamsher Sterling Corporation, a manufacturer of enameled copper, among other products, with a bank loan. Check Volcan Investments Limited. Both the companies were considered sleepy and inefficient mining firms.[14]. 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