Vedanta will sell up to 1.59% stake in Hindustan Zinc via an OFS, cashing in on the subsidiary’s sharp rally. HZL shares have jumped 66% in six months amid soaring metal and silver prices, pushing its valuation to Rs 3.2 lakh crore and prompting Vedanta to monetise part of its holding.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets