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This common thread in Vedanta, BAT, Whirlpool is helping a leaner Anil Agarwal look stronger
![This common thread in Vedanta, BAT, Whirlpool is helping a leaner Anil Agarwal look stronger](http://178.128.105.246/cars-https-img.etimg.com/thumb/msid-111282935,width-1015,height-761,imgsize-1161475,resizemode-8/prime/money-and-markets/this-common-thread-in-vedanta-bat-whirlpool-is-helping-anil-agarwal-look-stronger.jpg)
![This common thread in Vedanta, BAT, Whirlpool is helping a leaner Anil Agarwal look stronger](http://178.128.105.246/cars-https-img.etimg.com/thumb/msid-111282935,width-1015,height-761,imgsize-1161475,resizemode-8/prime/money-and-markets/this-common-thread-in-vedanta-bat-whirlpool-is-helping-anil-agarwal-look-stronger.jpg)
Anil Agarwal
Synopsis
Vedanta joins a list of debt-laden companies such as British American Tobacco and Whirlpool, which sold a part of their equity in India to repay debts of the parent companies.
A company promoter gets a better grip of his business when his holdings are sizeable. But, for Vedanta’s Anil Agarwal, less is more. It’s a turn of fortunes for Anil Agarwal, who was staring at the possibility of a default a few quarters ago, to raise about INR4,184 crore selling 2.63% of his ownership in Vedanta Ltd. - a stock that has more than doubled since September last. That’s more than a lifeline for Agarwal who has millions of dollars in
( Originally published on Jun 26, 2024 )
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