Vedanta Group hopeful of amicable resolution of differences, says CEO Sunil Duggal

Vedanta Group is hopeful it can amiably resolve with the government differences over sale of certain international assets of the group to Hindustan Zinc, Vedanta chief executive officer Sunil Duggal has said.

"In the past, we have been able to resolve matters within the ambit of both the parties and I believe that we will be able to resolve this (issue) too," Duggal, who was previously CEO of Hindustan Zinc, told ET in an interview.

While analysts have flagged the high valuation of the assets - mainly mining assets in South Africa and Namibia - which is also said to be key reason of the government's dissent, Duggal claimed the valuation of the assets under sale were undertaken in a transparent and fair manner and the group had engaged Mazars, an audit and accounting firm of international repute, to do the initial valuation.


"To provide further comfort to the government and investors, we also got it (the valuation) vetted by SBI Capital Markets," he said

Duggal said Vedanta Resources has several fallback options at hand to meet its financial obligations if the sale of assets to Hindustan Zinc does not go ahead as planned. He did not elaborate.