Vedanta to Sell 6.7 Crore Hindustan Zinc Shares Worth Rs 4,872 Crore via Offer for Sale
In a significant move, Vedanta Ltd has announced plans to sell 6.7 crore shares of Hindustan Zinc Ltd (HZL) through an Offer for Sale (OFS) mechanism, valued at approximately Rs 4,872 crore. This decision is part of Vedanta’s broader strategy to unlock value, reduce debt, and streamline its portfolio amid volatile market conditions. Background of…