Other Deals - Listed Firms
Vedanta divests 1.6% in subsidiary Hindustan Zinc for Rs.3.028-Cr
Mining conglomerate Vedanta Ltd has sold a 1.6% stake (66.7 million shares) in its Udaipur-headquartered subsidiary Hindustan Zinc Ltd (HZL) to institutional investors via an accelerated bookbuild process, raising approximately INR 3,028 croreThe sale is part of Vedanta’s broader strategy to deleverage its balance sheet and improve financial flexibility as it prepares to split into independent, sector-focused entities.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
