Government Set To Sell 2.5% Stake In Hindustan Zinc

Hindustan Zinc shares plunge over 7% on govt plan to sell 2.5% stake via OFS
The Indian government sold a portion of its stake in Hindustan Zinc. The sale involved up to 2.5% of the company's shares. This move caused share prices to drop over 7% on the Bombay Stock Exchange. The floor price for the sale was set at a discount compared to recent market values.
Indian government to sell 2.5% stake in Hindustan Zinc for $634 million
Miner Hindustan Zinc said on Tuesday the Indian government, its largest minority shareholder will sell a total 2.5% stake in the company and valued the sale at 53.34 billion rupees (about $634 million).
Govt Sells 2.5% Stake In Hindustan Zinc At 10% Discounted Rate
After the government announced plans to sell up to 2.5% of its shareholding through an offer for sale (OFS), shares of Vedanta company Hindustan Zinc Ltd. fell as much as 8% on November 6. A 1.25% initial divestment is part of the OFS,
Hindustan Zinc stock plunges 8% as govt pares stake at sharp discount via OFS
Moneycontrol had reported back in August that an OFS for Hindustan Zinc was expected before the end of FY25, following the Cabinet's 2022 approval to sell the government’s entire stake in the company.
Govt’s Hindustan Zinc stake sale draws strong demand: DIPAM Secretary
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Hindustan Zinc share price declines 7.5%. Offer for sale for 2.5% stake sale by government starts today
Hindustan Zinc share price declined more than 7.% in the morning trades on Wednesday. Offer for sale for 2.5% stake sale by the government starts today
Government Set To Sell 2.5% Stake In Hindustan Zinc; Check For More Details
The Indian government, in a recent development, has taken a step towards disinvestment, announcing a plan to sell up to a 2.5 per cent Hndustan Zinc Limited (HZL) through an Offer for Sale (OFS). The announcement of this made through an exchange filing by Hindustan Zinc.
Hindustan Zinc OFS: Government plans to sell 2.5% stake in Vedanta Unit
The Indian government plans to divest 1.25% of its equity stake in HZL, with an option to sell an additional 1.25% as a green shoe option. Shares of Hindustan Zinc Ltd ended at ₹559.45, up by ₹16.25,
Vedanta’s subsidiary Hindustan Zinc wins auction to mine tungsten block in Madurai dist
CHENNAI: Hindustan Zinc Limited, a subsidiary of Vedanta Group, which ran into trouble over its Sterlite Copper smelter ...
Hindustan Zinc OFS: Govt to sell 2.5% in Vedanta subsidiary to raise over ₹5,000 crore; Check floor price, key dates
The floor price for the OFS is fixed at ₹505 per share. At the floor price, Hindustan Zinc’s stake sale would fetch over ...
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Centre to sell 2.5% in Hindustan Zinc at Rs 505, will raise Rs 5,900 cr
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Centre to divest up to 2.5% stake in Hindustan Zinc via OFS at Rs 505 floor price
Government has announced the long-awaited plan to sell up to 2.5% stake Hindustan Zinc at a floor price of Rs 505 per share through an Offer for Sale starting November 6, Secretary DIPAM and the ...
Indian government to sell 2.5% stake in Hindustan Zinc for $634 mln
The Indian government will sell a 2.5% stake in Hindustan Zinc at a floor price of 505 rupees apiece, the company said on Tuesday.