India will sell a 2.5% stake in Hindustan Zinc via an Offer for Sale starting November 6, 2024.

The Indian government plans to sell a 2.5% stake in Hindustan Zinc Limited starting November 6, 2024, through an Offer for Sale (OFS). The sale includes a base offer of 1.25% equity and an additional 1.25% as a greenshoe option, with a floor price set at Rs 505 per share. Non-retail investors can bid on the first day, followed by retail investors on the second. This move aims to support the government's asset monetization goals.

November 05, 2024
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