Vedanta seeks new valuation for HZL, BALCO stake

The company has proposed fair valuation by independent valuers using
discounted cash flow or on the basis of SEBI regulations of 2011. Vedanta promises to accept the higher valuation and has asked the CCEA to deliberate the methodology it has proposed. Perhaps learning from the Cairn India acquisition, Vedanta has also offered to drop all pending litigation of Hindustan Zinc and BALCO to facilitate the two deals.

Vedanta has committed to buy the government's stake within 30 days of CCEA's approval. It is learnt that the proposal was sent to the mines ministry late last month.