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HZL’s dividend bonanza does not resolve the larger issue

The dividend payout of nearly Rs 11000 crore addresses only the Vedanta group and the government’s short term need for cash

March 22, 2023 / 01:06 PM IST
HZL’s dividend bonanza does not resolve the larger issue

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Hindustan Zinc made news recently after it announced a plan to buy out the international zinc business owned by its promoters, the Anil Agarwal-led Vedanta Group. But, the government’s opposition to the move means there’s a cloud hanging over the $3 billion (Rs 24800 crore) transaction. Whether the promoters manage to win over the government or not will be known in due course, but HZL’s dividend proposal will see no objections. The government and the Vedanta group both stand to...

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