BENGALURU – Indian miner Vedanta said on Monday that its foreign unit Cairn India Holdings Limited's investment in Anglo American met all governance requirements.
Vedanta's statement comes days after its shares plunged on Friday, as investors were skeptical of the merits of the investment and questioned the potential returns.
The miner said on Thursday that Cairn India had paid $200-million to buy a stake in Anglo American from its parent Volcan Investments as part of its "cash management activities".