Anil Agarwal, Chairman of Vedanta Resources feels that his bid to acquire government's stake in Hindustan Zinc (HZL) and Bharat Aluminium Company (Balco) would be a win-win proposition for all stakeholders.
In a conference call, while announcing the company's annual results, he said the deal, if materialises, will be windfall for everybody.
He also expressed hope that the deal would happen, although he was uncertain when it would happen. The government, which currently holds 29.5 per cent stake in HZL and 49 per cent stake in Balco, is looking at exiting from the two firms in which majority stakes were sold to the mining giant between 2001 and 2003.
But both the government and Vedanta are yet to settle difference over valuations for companies, particularly in case of Balco which is unlisted.
Agarwal had said earlier that he is "not looking to negotiate anything" and "a transparent process needs to be adopted" for arriving at the right valuation of the two firms.
Government did not accept Vedanta's offer of Rs 17,275 crore for government's remaining stakes in HZL and Balco in January 2012. Subsequently, the company secured shareholders' nod to sweeten the offer by up to 25 per cent in the two firms but did not raise the offer and instead, preferred to wait for government's moves on the matter.