Vedanta Chairman Anil Agarwal Acquires London’s Riverside Studio

Anil Agarwal, the founder and chairman of Vedanta Group, has become the new owner of London’s iconic Riverside Studio. This 100-year-old cultural landmark, located on the north bank of the River Thames, is now renamed the Anil Agarwal Riverside Studios Trust, according to a press release issued on Wednesday.

A Global Hub for Arts and Culture

Riverside Studio is a celebrated global centre for arts, with a rich history of hosting performances by legendary artists like The Beatles, David Bowie, Dario Fo, and David Hockney. Anil Agarwal envisions transforming it into a premier destination for showcasing Indian and international art and culture.

“I believe art has the power to unite people and uplift the human experience,” said Agarwal. He extended an invitation to Indian artists and filmmakers to use the venue to present their talents and cinematic brilliance. The space will also host global leaders from various fields to share their inspiring journeys and life stories.

Fostering Creativity and Cultural Exchange

This acquisition reflects Agarwal’s dedication to promoting creativity and fostering cultural connections. Through his #ArtInEveryHeart initiative, he aims to make art accessible to everyone while celebrating the cultural ties between India and the world.

The Riverside Studios will feature immersive performances, exhibitions, and cinematic showcases. It will continue hosting world-class productions while celebrating heritage and diversity. Agarwal expressed his goal of creating a space that nurtures creativity and inspires social change.

About Vedanta Ltd

Vedanta is a diversified natural resources company involved in exploring, mining, and processing minerals and oil & gas. The company produces and sells zinc, lead, silver, copper, aluminium, iron ore, and oil & gas. It operates in multiple countries, including India, South Africa, Namibia, Ireland, Liberia, and the UAE. Vedanta is also engaged in other businesses, such as power generation, steel production, and port operations in India. Additionally, it manufactures glass substrates in South Korea and Taiwan.

Vedanta share price is trading at ₹442.70, down by ₹3.70 (0.83%) as of 9:49 am on January 9. The stock opened at ₹447.00, reaching a high of ₹448.05 and a low of ₹440.50 during the session. Vedanta’s market capitalisation is ₹1.73 lakh crore, with a P/E ratio of 14.84 and an impressive dividend yield of 10.65%. Over the past year, the stock has recorded a 52-week high of ₹526.95 and a 52-week low of ₹249.50.

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