Government to sell 2.5% in Vedanta-owned Hindustan Zinc through OFS
The Centre will sell up to 2.5 per cent stake in Hindustan Zinc at a floor price of ₹505 per share – a 10 per cent-odd discount over the current price - through an Offer for Sale (OFS) starting November 6, the Ministry of Mines has said in a notification to the bourses. The sell has been long awaited.
Vedanta Arm Hindustan Zinc Announces Rs 5,000 Crore OFS, Govt To Offload 2.5% Stake; Check Dates
The Indian government is set to divest up to 2.5% of its stake in Hindustan Zinc Limited (HZL) through an offer for sale (OFS) at a floor price of Rs 505 per share. This stake sale is expected to generate over Rs 5,
Indian government to sell 2.5% stake in Hindustan Zinc for $634 million
Miner Hindustan Zinc said on Tuesday the Indian government, its largest minority shareholder will sell a total 2.5% stake in the company and valued the sale at 53.34 billion rupees (about $634 million).
Govt proposes to sell up to 2.5% stake in Hindustan Zinc
The floor price for the same is fixed at Rs 505 a piece, which is nearly 10% discount to the current market price.
Govt to divest up to 2.5% in Hindustan Zinc via offer for sale
The Indian government plans to divest 1.25% of its equity stake in HZL, with an option to sell an additional 1.25% as a green shoe option. Shares of Hindustan Zinc Ltd ended at ₹559.45, up by ₹16.25,
Govt to sell up to 2.5% stake in Hindustan Zinc through OFS
The union government on Tuesday proposed to sell up to 2.5% stake in Hindustan Zinc through an offer for sale (OFS), which opens on November 6. The floor price for the same is fixed at Rs 505 apiece,
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