Wednesday, November 28, 2012

Anil Agarwal to take non-executive post on Vedanta in 3-4 years

His brother Naveen Agarwal was President of Cairn India. IBN Live

When asked about the timetable for the implementation of the plan of the succession, Agarwal said that should happen in "three to four years".

Earlier, had denied to President of Cairn India Agarwal which Vedanta acquired in a deal 8.6-billion dollars last year, marking of the foray into the oil and gas sector.

His brother Naveen Agarwal was President of Cairn India and his daughter Priya Agarwal took a position of the Board of Directors.

The Patna-American billionaire Anil Agarwal, who had started as a scrap dealer, said that he would spend most of his time on Philanthropy and social work after assuming the role of non-Executive Chairman of Vedanta group.

"I'm going to 70% of my time, I think of childcare and University

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