Sep 16, 2013, 08.24 AM | Source: CNBC-TV18
CNBC-TV18's Anshu Sharma reports that the mines ministry has once again cited the law ministry’s views, that a stake sale is not tenable unless the act is amended.
Anshu Sharma (more)
Senior Correspondent, CNBC-TV18 |
CNBC-TV18’s Anshu Sharma reports that the ministry has once again cited the law ministry’s views - a stake sale is not tenable unless the act is amended.
This comes as a setback to Vedanta, which has already taken shareholder approval for purchasing the balance government stake in HZL and Balco for a sum of Rs 25,000 crore.
Unless this objection is overcome, the government’s intent of mopping up revenue through this sale is unlikely to fructify any time soon.
Hind Zinc stock price
On May 26, 2016, at 14:28 hrs Hindustan Zinc was quoting at Rs 166.25, down Rs 0.3, or 0.18 percent. The 52-week high of the share was Rs 199.80 and the 52-week low was Rs 117.20.
The company's trailing 12-month (TTM) EPS was at Rs 19.33 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 8.6. The latest book value of the company is Rs 121.93 per share. At current value, the price-to-book value of the company is 1.36.
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