Vedanta Ltd has announced a floor price of ₹685 per share for its planned stake sale in Hindustan Zinc Ltd. The move is part of the company’s broader strategy to reduce debt and streamline operations. The transaction is expected to attract strong investor interest given Hindustan Zinc’s robust fundamentals.
Vedanta Ltd has fixed the floor price at ₹685 per share for its upcoming stake sale in Hindustan Zinc Ltd (HZL). The divestment is aimed at strengthening Vedanta’s balance sheet by reducing debt and unlocking value from its holdings.
Hindustan Zinc, one of the world’s largest integrated producers of zinc-lead and silver, continues to demonstrate strong operational performance, making the stake sale a significant event for both institutional and retail investors. Analysts expect the offering to generate considerable interest, given the company’s consistent profitability and strategic importance in India’s metals and mining sector.
Key Highlights
-
Floor Price: ₹685 per share for Hindustan Zinc stake sale.
-
Objective: Debt reduction and operational streamlining for Vedanta Ltd.
-
Company Profile: Hindustan Zinc is a leading global zinc-lead-silver producer.
-
Investor Interest: Strong fundamentals expected to attract institutional and retail participation.
-
Strategic Impact: Enhances Vedanta’s financial flexibility and long-term growth prospects.
This stake sale underscores Vedanta’s commitment to deleveraging while leveraging the strength of its core mining assets.
Sources: Business Standard, Economic Times, Moneycontrol