The valuation of the company was estimated to be up to $3 billion.
The portfolio consisted of total loan amount of Rs 341 crore.
He will replace Alok Agarwal on 1st June.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
Acquisition done for Rs 18.45 crore.
These products are in affordable pricing category.
Vedanta is the parent company of Hindustan Zinc.
Floor price for the offer-for-sale set at Rs 2,450 per share.
Renault-Nissan cars manufactured at Chennai will be exported from Kamarajar Port.
Reliance Industries and its partner BP Exploration (Alpha) Ltd (BPEAL) are set to conduct an e-auction on April 3.