Moneycontrol Be a Pro
Get App
Last Updated : Sep 26, 2019 03:19 PM IST | Source: Moneycontrol.com

Hindustan Zinc jumps 8% on reports of plans to make co private

CNBC TV18 reported, quoting sources that the government is looking for an early resolution of Hindustan Zinc case in the Supreme Court.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Shares of Hindustan Zinc jumped 8 percent on September 26 after reports emerged that the government is open to selling residual stake in the company via offer for sale (OFS) on favourable Supreme Court order.

The government is looking for an early resolution of Hindustan Zinc case in the Supreme Court, CNBC TV18 reported, quoting sources.

The government currently holds 29.5 percent in Hindustan Zinc.

Close

Meanwhile, media reports suggested that the government is targetting to raise Rs 50,000 crore from asset monetisation in the current fiscal and has set up a panel under Cabinet Secretary for asset monetisation sale.

Shares of Hindustan Zinc traded 5.13 percent up at Rs 212.15 on the BSE around 1516 hours.

LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE.
First Published on Sep 26, 2019 03:19 pm
Loading...
Follow us on
Available On