(Plastemart) -- Purnendu Chatterjee,
promoter-investor in Haldia Petrochemicals Ltd (HPL) is believed to have
approached Mr Agarwal, who owns the USD12 bln mining and metals Vedanta group,
to bail him out of the Haldia Petrochemicals imbroglio, as per
telegraphindia.com. Chatterjee is trying to protect his position in HPL - the
petrochemical joint venture in which his TCG Group and the Bengal government
hold the largest stakes. Bengal state government intends to auction its entire
holding of 67.5 crore shares in HPL - a 43.29% stake.
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