Government Set To Sell 2.5% Stake In Hindustan Zinc

Hindustan Zinc shares plunge over 7% on govt plan to sell 2.5% stake via OFS
The Indian government sold a portion of its stake in Hindustan Zinc. The sale involved up to 2.5% of the company's shares. This move caused share prices to drop over 7% on the Bombay Stock Exchange. The floor price for the sale was set at a discount compared to recent market values.
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 Sells 2.5% Stake In Hindustan Zinc At 10% Discounted Rate
After the government announced plans to sell up to 2.5% of its shareholding through an offer for sale (OFS), shares of Vedanta company Hindustan Zinc Ltd. fell as much as 8% on November 6. A 1.25% initial divestment is part of the OFS,
Govt’s Hindustan Zinc stake sale draws strong demand: DIPAM Secretary
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Hindustan Zinc Shares Drop 8% as Govt Launches 2.5% Stake Sale via OFS
The OFS opened for non-retail investors on Wednesday and will open for retail investors on Thursday, following the standard bidding process.
Hindustan Zinc share price declines 7.5%. Offer for sale for 2.5% stake sale by government starts today
Hindustan Zinc share price declined more than 7.% in the morning trades on Wednesday. Offer for sale for 2.5% stake sale by the government starts today
Hindustan Zinc OFS: Government plans to sell 2.5% stake in Vedanta Unit
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,
Government Set To Sell 2.5% Stake In Hindustan Zinc; Check For More Details
The Indian government, in a recent development, has taken a step towards disinvestment, announcing a plan to sell up to a 2.5 per cent Hndustan Zinc Limited (HZL) through an Offer for Sale (OFS). The announcement of this made through an exchange filing by Hindustan Zinc.
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Hindustan Zinc OFS: Govt to sell 2.5% in Vedanta subsidiary to raise over ₹5,000 crore; Check floor price, key dates
The floor price for the OFS is fixed at ₹505 per share. At the floor price, Hindustan Zinc’s stake sale would fetch over ...
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Hindustan Zinc stock plunges 8% as govt pares stake at sharp discount via OFS
Shares of Hindustan Zinc took a beating and plummeted over 8 percent on November 6 as the government announced offloading ...
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Centre to sell 2.5% in Hindustan Zinc at Rs 505, will raise Rs 5,900 cr
The Central government announced on Tuesday its plan to sell up to 2.5% stake in Hindustan Zinc through an offer for sale ...
Indian government to sell 2.5% stake in Hindustan Zinc for $634 mln
The Indian government will sell a 2.5% stake in Hindustan Zinc at a floor price of 505 rupees apiece, the company said on Tuesday.