Indian mining company Vedanta Resources PLC has bought a 9.5% equity stake in Canadian miner Hudbay Minerals for an undisclosed amount.

The equity stake was bought by Vedanta's unlisted unit Lakomasko BV, which is based in Amsterdam.

HudBay Minerals is an integrated mining company with assets in north and central America and principally focused on discovery, production and marketing of base metals. The Canadian $900 million company recently had its board of directors replaced by a new board constituting of nominees of SRM Global Master Fund Limited Partnership.

On the other hand, Vedanta is a London-listed diversified FTSE 100 metals and mining company, and India's largest non-ferrous metals and mining company based on revenues. The company is primarily engaged in copper, zinc, aluminium and iron ore businesses, and is also developing a commercial power generation business.

Presently, Vedanta Group is trying to build its presence globally in mineral firms.

Last week, the group secured nod from a U. S. bankruptcy judge to go ahead with a plan for its unit Sterlite to buy copper miner Asarco LLC for $1.7 billion.