Volcan Investments, the family trust of diversified miner Vedanta on Thursday said it was increasing its stake in Anglo American.

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In a statement it said it was increasing its stake by acquiring shares worth between 1.25 billion ($1.69 billion) and 1.5 billion pounds, in addition to the 2 billion pounds spent in March on acquiring a 12.43 percent holding.

The additional shares could take the stake up to 20 percent, a banking source who declined to be named said.

Anglo American declined to comment.

($1 = 0.7375 pounds)

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