(Bloomberg) -- Sterlite Industries (India) Ltd.,
the copper and zinc producer controlled by billionaire Anil
Agarwal, sold $1.75 billion of stock in the U.S., the biggest
overseas share sale by an Indian company.
Sterlite, based in Mumbai, sold 130.44 million American
depositary receipts at $13.44 apiece, the company said in a
statement to the Bombay Stock Exchange today. One ADR is equal
to one local share.
Read more at Bloomberg Emerging Markets News
the copper and zinc producer controlled by billionaire Anil
Agarwal, sold $1.75 billion of stock in the U.S., the biggest
overseas share sale by an Indian company.
Sterlite, based in Mumbai, sold 130.44 million American
depositary receipts at $13.44 apiece, the company said in a
statement to the Bombay Stock Exchange today. One ADR is equal
to one local share.
Read more at Bloomberg Emerging Markets News
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