Volcan Investments, the family trust of diversified miner VedantaBSE -1.66 % on Thursday said it was increasing its stake in Anglo American.
In a statement, it said it was increasing its stake by acquiring shares worth between 1.25 billion ($1.69 billion) and 1.5 billion pounds, in addition to the 2 billion pounds spent in March on acquiring a 12.43 percent holding.
The additional shares could take the stake up to 20 percent, a banking source who declined to be named said.
Anglo American declined to comment.
Source: Economic Times