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Govt to sell its entire stake in Hindustan Zinc, say sources

Govt to sell its entire stake in Hindustan Zinc, say sources

Government owns 29.9 per cent stake in Hindustan Zinc.

Chetan Bhutani
Chetan Bhutani
  • Updated May 25, 2022 2:16 PM IST
Govt to sell its entire stake in Hindustan Zinc, say sourcesHindustan Zinc

The Cabinet Committee on Economic Affairs (CCEA ), which met earlier today, has approved selling its entire stake in Hindustan Zinc, government sources have told Business Today TV.

The government hopes to garner Rs 36,000 crore by selling its 29.5 per cent stake in the company.

The Centre and Vedanta (current promoter) had earlier decided to end an arbitration case concerning the second call option demanded by Vedanta in the residual stake sale.

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Published on: May 25, 2022 1:45 PM IST
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