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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Famous quotes containing the word history:
“If man is reduced to being nothing but a character in history, he has no other choice but to subside into the sound and fury of a completely irrational history or to endow history with the form of human reason.”
—Albert Camus (1913–1960)
“Let it suffice that in the light of these two facts, namely, that the mind is One, and that nature is its correlative, history is to be read and written.”
—Ralph Waldo Emerson (1803–1882)
“English history is all about men liking their fathers, and American history is all about men hating their fathers and trying to burn down everything they ever did.”
—Malcolm Bradbury (b. 1932)