Profit

Sterlite's Asarco deal in trouble

PUBLISHED ON: July 2, 2008 | Duration: 2 min, 21 sec

  
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Anil Agarwal's Asarco deal has run into trouble. The US Bankruptcy Court has given Asarco's estranged owner, Grupo Mexico, a chance to file a re-organization plan for Asarco. This may take some shine off Sterlite's mega copper plans. Grupo Mexico, which lost out to Sterlite, has been creating hurdles for Anil Agarwal from day one but India's metal tycoon is unfazed.
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