Advertisement

Vedanta Divests 1.6% Stake in Hindustan Zinc

Vedanta divests 1.6% Stake in Hindustan Zinc, Strengthens Balance Sheet.
Vedanta Divests 1.6% Stake in Hindustan Zinc

Mumbai, June 18, 2025: Vedanta Limited ("Vedanta") announces that it has sold 66.7 million shares in Hindustan Zinc Limited, a subsidiary of the Company, to institutional investors by way of an accelerated bookbuild process, representing c. 1.6 per cent of the issued ordinary share capital. The gross proceeds from the sale of shares amount to c. INR 3,028 Cr.

As we actively progress towards the demerger of Vedanta into sector focused entities across diverse verticals, this capital raise will help de-leverage the balance sheet and enhance financial flexibility, enabling each of the demerged entities to pursue their independent growth plans.

Advertisement

This transaction reflects continued investor confidence in Vedanta’s strategic direction, particularly the progress made over recent quarters in delivering record production, driving cost efficiencies, and execution of its deleveraging and demerger initiatives aimed at long term value creation for all stakeholders.

Advertisement
Loading...
Loading...

Note*: All the articles and given information on this page are information based and provided by other sources. For more readTerms & Conditions