Sale27 Jan 2026, 04:23 pm
Vedanta Ltd Approves Sale of 1.59% Stake in Hindustan Zinc Limited via Stock Exchange
AI Summary
Vedanta Limited’s Committee of Directors has approved the sale of up to 6,70,00,000 equity shares of Hindustan Zinc Limited, which represents 1.59% of the issued and paid-up equity share capital of HZL. The sale will be executed through the stock exchange mechanism, complying with applicable laws, Securities and Exchange Board of India regulations, and stock exchange circulars.
Key Highlights
- Vedanta Ltd to sell up to 6,70,00,000 equity shares of Hindustan Zinc Limited.
- The sale represents 1.59% of HZL's issued and paid-up equity share capital.
- The transaction will be executed via the stock exchange mechanism.
- The sale is approved by the duly authorized Committee of Directors.
- The decision is in compliance with applicable laws, SEBI regulations, and stock exchange circulars.