Anil Agarwal weighing Vedanta stake sale as last resort, says report

Indian tycoon Anil Agarwal is studying options including selling a minority stake in Vedanta Ltd. as he looks to shrink his commodities business empire’s massive debt load, according to people familiar with the matter.
 

Agarwal is evaluating the possibility of divesting a less than 5% stake in the Mumbai-listed company, said the people, who asked not to be identified as the information is private. A stake sale in Vedanta is a last resort for the billionaire and will only be considered if other fundraising options fail, the people said.

Vedanta’s shares extended losses and slumped as much as 5.6%, the