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 … Sydenham College of … Bachelor of Commerce Degree. Volcan Investments Ltd. 159.941 per share, through a bulk deal on the BSE and National Stock Exchange of India (the “December 2020 Equity Share Purchase”). 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. Both the companies were considered sleepy and inefficient mining firms.[14]. Sydenham College or Sydenham College of Commerce and Economics is the first college of commerce in Asia . Further to the announcement released by Volcan Investments yesterday, 27 September 2018, Volcan Investments announces that it has sent out notices in respect of the Compulsory Acquisition to all Vedanta Resources Shareholders who had not accepted the Offer. Through Vedanta Resources' various operating subsidiaries, the group produces oil and gas, zinc, lead, silver, aluminium, iron ore and power. “The offer is being extended and will remain open for acceptances until further notice,” Volcan said on September 3. They were able to bid successfully for BALCO and Hindustan Zinc Limited, both bankrupt companies that had been closed down for 4 years. Dealreporter has released its full year 2018 Global RiskArb report. So he decided to control his input costs by manufacturing the metals instead of buying them.[11]. [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. Volcan Investments Ltd ('Volcan'), announces today that it intends to make an investment in Anglo American plc shares of up to £2.0 billion. Vedanta Ltd. holding companies Vedanta Resources Ltd. and Volcan Investments Cyprus Ltd. must repay a combined $1.17 billion next year. Languages. [28] The initiatives were undertaken in partnership with the government and non-governmental organizations (NGOs). 190, Woodlands Industrial Park E5, #03-12, Woodlands Bizhub, Singapore 757516. Volcan Investments Limited (“Volcan”) Anil Agarwal Discretionary Trust (the “Trust”) Onclave PTC Limited (“Onclave”) Mr. Anil Agarwal : Item 2(b). ... Vedanta is the beneficial owner of 1,728,034,417 Equity Shares of the Company, consisting of: (i) It has a debt of nearly $1 billion. Legal Address. Connections What do these terms mean? [31][32], In 2015, the Vedanta group in partnership with Ministry for Women and Child development inaugurated the first "Nand Ghar" or modern anganwadi, of the 4,000 planned to set up. 1 Name of Listed Entity : VEDANTA LIMITED 2 Scrip Code/Name of Scrip/Class of Security : 500295,VEDL,EQUITY SHARES 3 Share Holding Pattern Filed under: Reg.31(1)(b) a. if under 31(1)(b) then indicate the report for quarter ending: September 30, 2020 b. if under 31(1)(c) then indicate date of allotment/extinguishment : NA Volcan performs the marketing of all products and concentrate. 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. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power. Volcan Investments … LEI: 213800V1LKF52CA44390. MUMBAI, India, Feb. 4, 2019 /PRNewswire/ -- Volcan Investments Limited (Volcan) and Vedanta Resources Limited, the parent companies of Vedanta Limited, … Agarwal’s Volcan Investments Ltd, which currently holds 66.53 per cent of Vedanta, made a cash offer for 825 pence a share, a 14 per cent premium to company’s three … 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). That’s the most since 2017, according to data compiled by Bloomberg. The company is now active. Sterlite Industries (India) Limited (Name of Issuer) Equity shares, par value Rs. [23], According to The Sunday Times Rich List in 2020 his net worth was estimated at £8.5 billion. The business magnate, who currently resides in London, controls a string of investments across the world via Volcan Investments. [1][2] He controls Vedanta Resources through Volcan Investments, a holding vehicle with a 100% stake in the business. Bachelor's Commerce. [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). For a trust, the trustee(s), settlor and beneficiaries must be named. Singapore Management University Bachelor of Business Management (BBM) Business, Management, Marketing, and Related Support Services. ANZ ANZ DRR DRR Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power. Indian owner of Vedanta Resources may buy up to 13% stake ... Volcan Investments Ltd., and secured by Anglo’s shares, the investor said in a statement on Wednesday. This also includes some of the debt taken to privatize Vedanta Resources in 2018 by Volcan Investments Ltd., in which Agarwal and his family are the key shareholders, it said. Minority holdings are shown as faint lines. Vedanta Ltd. holding companies Vedanta Resources Ltd. and Volcan Investments Cyprus Ltd. must repay a combined $1.17 billion next year. Connections What do these terms mean? ", 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. [6][7] and decided to join his father's business, making aluminium conductors, instead of going to university. [8] At 19, he left Patna for Mumbai (then Bombay) to explore career opportunities. In Zambia, Vedanta dumped hazardous waste into the Kafue River, from its copper mine there, according to a lawsuit filed by 2,000 residents, resulting in widespread human illness and the death of fish. Anil Agarwal's Volcan to sell about 2% stake in Anglo American. For a trust, the trustee(s), settlor and beneficiaries must be named. [5], Vedanta was stripped of international safety awards after it was found it failed to declare its involvement one of the worst industrial accidents in India's history. Volcan Investments Limited (“Volcan”) Anil Agarwal Discretionary Trust (the “Trust”) Onclave PTC Limited (“Onclave”) ... (“MALCO”). D.P. At the time of its listing, Vedanta Resources Plc, was the first Indian firm to be listed on London Stock Exchange, on 10 December 2003,[15] Vedanta Resources became the parent company of the group through a process of internal restructuring of group companies and their shareholding. President, Global Zinc Business & Whole Time Director, Hindustan Zinc Limited For the next 10 years, he ran both businesses. 1 per equity share (Title of Class of Securities) 859737207 (CUSIP Number) December 31, 2010 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the … 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. Education. A weak credit profile could put pressure on Vedanta’s current rating of Ba3, Moody’s said. His first opportunity came when the government announced a disinvestment program. [13] The next step of the backward integration process seemed natural: mining. 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. What is it? [17] In 2007, Vedanta Resources acquired a controlling stake in Sesa Goa Limited, India's largest producer-exporter of iron ore,[18] and in 2010, the company acquired South African miner Anglo American's portfolio of zinc assets in Namibia, Ireland and South Africa. Help ICIJ investigate: contact us or leak to us securely; Database powered by Neo4j. to-date, total investments decreased from USD 79.2 MM in 1H18 to USD 75.1 MM in 1H19. [9], In the mid-1970s, he began trading in scrap metal, collecting it from cable companies in other states and selling it in Mumbai. Education. In 1993, Sterlite Industries became the first private sector company in India to set up a copper smelter and refinery. Gorey Investments Limited 1,704,333 0.6% Notes (1) Based on 281,824,154 ordinary shares in issue, as disclosed pursuant to the Rule 2.9 disclosure in the 2.4 announcement dated 2 July 2018. He was ranked 25th in the Hurun India Rich List with a personal fortune of 12,316cr. July 2018. [19] The next year, Vedanta Resources acquired controlling stake in Cairn India, India's largest private sector oil-producing firm. To access international capital markets, Anil Agarwal and his team incorporated Vedanta Resources Plc in 2003 in London. volcan investments limited zzzzz9999z 0 0 0 0 0 0.00 0 0 0 0.00 0 0.00 0 0.00 0 0.00 0 Sub ‐ Total (A)(2) 4 1764165424 0 99292708 1863458132 50.13 1863458132 … Notable among his investments include a holding of 19% in the South African mining company, Anglo America. Report this profile Activity haha Liked by abdulghafoor abdulnaseer. In 1986, he set up a factory to manufacture jelly-filled cables, creating Sterlite Industries. Vedanta's actions in Odisha were rebuked by the British commerce agency, and the Church of England investment funds sold their shares in the company in protest. Konkola Copper Mines Owner Anil Agarwal plans to delist his flagship firm Vedanta Resources Plc from the London Stock Exchange (LSE) after buying out 33.5 per cent of non-promoter shareholders for about $1 billion. C/O ELCO CORPORATE SERVICES LIMITED LOYALIST PLAZA, DON MACKAY BOULEVARD PO BOX AB 20377 MARSH HARBOUR BS-CO BS . Vedanta Resources Limited is a global diversified metals and mining company with its headquarters in London, England.It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. Singapore Management University . Philip Nicholson | Kenya | Jordan Investments Limited | 76 connections | See Philip's complete profile on Linkedin and connect Volcan Investments, the majority owner of Vedanta with a 66.5% stake, has now made its £8.25/share ($10.65/share) bid unconditional after it received acceptances for its offer from shareholders representing more than 75% of outstanding stock. He controls Vedanta Resources through Volcan Investments, a holding vehicle with a 100% s Help ICIJ investigate: contact us or leak to us securely; Database powered by Neo4j. It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. Store Manager at Volcan Holdings Limited Kenya 70 connections. This diagram shows all companies directly and indirectly connected to VOLCAN INVESTMENTS LIMITED via links of control or minority shareholdings. In October 2017, it was announced that Agrawal's Volcan Holdings Plc had taken a 19% stake in mining company Anglo American, making him biggest shareholder of the company. Sydenham College of Commerce & Economics. He soon realized that the profitability of his business was volatile, fluctuating with the prices of his raw materials: copper and aluminium. 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… Volcan Investments Limited (“Volcan”) Anil Agarwal Discretionary Trust (the “Trust”) Onclave PTC Limited (“Onclave”) Mr. Anil Agarwal : Item 2(b). Its main operations are held by Vedanta Ltd, a 50.1 per cent-owned subsidiary. In 2004 Vedanta Resources Plc announced a global bond offering[16] and acquired Konkola Copper Mines in Zambia, Africa. VOLCAN INVESTMENTS CYPRUS LTD (Cyprus, 19 Jul 2018 - , Χριστοδούλου Χατζηπαύλου, 221, HELIOS COURT, Floor 3, 3036, Λεμεσός, Κύπρος) VOLCAN INVESTMENTS LIMITED (Bahamas) inactive VOLCAN SECURITIES & INVESTMENTS LIMITED (Belize) inactive VOLCAN SECURITIES & INVESTMENTS, LTD. (Bahamas) Sorted by company name Sort by relevance. 1 Name of Listed Entity : VEDANTA LIMITED 2 Scrip Code/Name of Scrip/Class of Security : 500295,VEDL,EQUITY SHARES 3 Share Holding Pattern Filed under: Reg.31(1)(b) a. if under 31(1)(b) then indicate the report for quarter ending: June 30, 2020 b. if under 31(1)(c) then indicate date of allotment/extinguishment : NA Vedanta Ltd. holding companies Vedanta Resources Ltd. and Volcan Investments Cyprus Ltd. must repay a combined $1.17 billion next year. Owner at Volcan Investments Ltd. Volcan Investments Ltd. engages in the operation of a holding company. (hereinafter “the Company”) is a subsidiary of Glencore AG, which is a subsidiary of Glencore Plc., a company domiciled in Switzerland, hereinafter the Parent, owner of 63% of common class A voting shares and an economic interest of 23%, excluding treasury shares. Vedanta Resources Limited is a global diversified metals and mining company with its headquarters in London, England. Anil Agarwal is the founder and Chairman of Vedanta Resources Limited. VRL is completely dependent on Vedanta Limited (the listed VEDL) and Hindustan Zinc (HINDZINC) to pay its debt obligations. Officer. View Weizhong’s full profile. VOLCAN INVESTMENTS LIMITED. Reuters 514d. Volcan Investments Ltd. LEI 213800V1LKF52CA44390. The company has been in business for 2 years and 2 months. Funded by his philanthropy are focused on child welfare, women empowerment education! And distributes hydroelectric Power [ 16 ] and decided to control the situation. [ ]... 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