 "Vedanta's Anil Agarwal to boost Anglo American stake by $2 bn")
Volcan Investments, the family trust of diversified miner Vedanta on Thursday said it was increasing its stake in Anglo American.
In a statement, it said it was increasing its stake by acquiring shares worth between 1.25 billion ($1.69 billion) and 1.5 billion pounds (2.03 billion), in addition to the 2 billion pounds spent in March on acquiring a 12.43 percent holding.
The additional shares could take the stake up to 20 per cent, a banking source who declined to be named said.
Anglo American declined to comment.
($1 = 0.7375 pounds)
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