Vedanta Ltd receives board approval to sell 2.6% stake in Hindustan Zinc Ltd through an OFS.

Vedanta Ltd receives board approval to sell up to 11 crore shares (2.6% stake) in Hindustan Zinc Ltd through an offer for sale (OFS). Sale aligns with Vedanta's plan to demerge its businesses into separate listed entities. Hindustan Zinc reported a 19.4% year-on-year increase in Q1 FY25 net profit.