History
The company was founded by Anil Agarwal in Mumbai in 1976. It was first listed on the London Stock Exchange in 2003 when it raised $876 million through an Initial Public Offering. Meanwhile in 2006 it acquired Sterlite Gold, a gold mining business. It raised an additional $2bn through an ADR issue in 2007. In 2008 it bought certain of the assets of Asarco, a copper mining business, out of Chapter 11 for $2.6bn. In December 2011 it announced the US$8.67 billion acquisition of Cairn India, a subsidiary of Cairn Energy, heralding its foray in the oil sector.
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