Indian government explores sale of 29.5% Hindustan Zinc stake, conducts roadshows for investor engagement.
The Indian government is exploring the sale of its 29.5% stake in Hindustan Zinc Ltd, conducting roadshows in major financial hubs like Mumbai, London, Boston, and New York to engage investors. Hindustan Zinc, a leading global zinc and silver producer, recently reported a 19.4% rise in net profit. Discussions are ongoing about restructuring the company into two verticals instead of three, pending government approval. The stake sale timeline will be determined after the roadshows.
September 23, 2024
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