Billionaire Agarwal sells Anglo American stake, may make $500 mn

Metals tycoon Anil Agarwal, the biggest shareholder in London-based mining giant Anglo American, on Thursday said he is selling the nearly 20% stake he has held since 2017. Bloomberg reported that Agarwal could make $500 million before costs from the investment. The self-made billionaire, who controls Vedanta, said the targeted returns had been achieved "even sooner than expected".