Vedanta Divests 1.6% Stake in Hindustan Zinc, Raises INR 3,028 Cr

Vedanta Limited has sold 66.7 million shares in Hindustan Zinc Limited, a subsidiary, to institutional investors, representing c. 1.6 per cent of the issued ordinary share capital. The gross proceeds from the sale amount to c. INR 3,028 Cr. This capital raise will help de-leverage the balance sheet and enhance financial flexibility, enabling each of the demerged entities to pursue their independent growth plans. This transaction reflects continued investor confidence in Vedanta’s strategic direction.