Profit

Sterlite in a wait and watch mode

PUBLISHED ON: July 3, 2008 | Duration: 1 min, 50 sec

  
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Anil Agarwal's Asarco deal has seen some setback in the US but what is in store for the company? "You have to have patience, you are acquiring such a huge asset," says Anil Agarwal, Executive Chairman, Sterlite. What else can Anil Agarwal do right now since the acquisition has run into troubled waters. It could be a long wait for Sterlite as the US Bankruptcy Court wants Asarco's present owner, Grupo Mexico, to file a re-organisation plan for Asarco.
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