Mumbai: Vedanta Limited, the diversified natural resources conglomerate, has announced an oversubscription in its offer-for-sale (OFS) of Hindustan Zinc Limited shares. The move follows the company’s earlier plan to sell 3.35 crore equity shares, representing 0.79% of Hindustan Zinc’s total equity, via the BSE and NSE through a stock exchange mechanism.
Vedanta has now exercised its oversubscription option, adding 1.41 crore equity shares (0.33% of total equity) to the original OFS, bringing the total offer size to 4.76 crore shares, or 1.13% of Hindustan Zinc’s paid-up capital. Of this, 10% of the shares will be reserved for retail investors on January 29, 2026, subject to valid bids.
The OFS provides an opportunity for investors to participate in Hindustan Zinc’s equity through a transparent and regulated exchange-based mechanism, reinforcing Vedanta’s commitment to enhancing liquidity in its flagship subsidiary.
This strategic sale reflects Vedanta’s approach to unlock shareholder value while retaining a strong stake in Hindustan Zinc, a company that remains central to its metals and mining portfolio.