Financial Times; July 30, 2004

Financial Times; July 30, 2004

With chief executive Anil Agarwal's family company, Volcan Investments, holding 53.8 per cent, every vote at Vedanta Resources was a fait accompli. But two resolutions - the re- election of non-executive Naresh Chandra and the routine authority to allot shares for cash - attracted a surprisingly large negative vote, most likely from US hedge fund Ospraie.