Why Vedanta Just Sold Shares Worth ₹3,000 Crore—And What It Means

Unknown Apr 02, 2026 1,150 Views

Vedanta Ltd is set to sell 1.6% of its stake in Hindustan Zinc Ltd (HZL) through a block deal valued at approximately ₹3,018 crore. The transaction involves the sale of 66.7 million shares at a floor price of ₹452.50 per share, which is about 7.5% lower than HZL’s closing price on June 17....