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.