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Cabinet approves sale of government's 29.5% stake in Hindustan Zinc: Sources

Vedanta Ltd, the parent firm, holds 64.92 percent stake in Hindustan Zinc, while the government holds 29.5 percent stake in the zinc-lead miner.

May 25, 2022 / 02:34 PM IST
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The Union Cabinet has approved sale of government's entire stake in Hindustan Zinc Limited, CNBC Awaaz reported on May 25, citing sources.

Vedanta Ltd, the parent firm, holds 64.92 percent stake in Hindustan Zinc, while the government holds 29.5 percent stake in the zinc-lead miner.

Reportedly, the offer size of the divestment will be decided closer to the transaction.

Also Read: Vedanta has 5% cap in Hindustan Zinc residual stake sale: Anil Agarwal