New Delhi: The shares of metal giant, Vedanta Ltd are surged over by 4.46% to reach all time high of the 52-week high of the stock at Rs 736.65, almost as the company has announced to sell up to a 1.59% stake in tis subsidiary Hindustan Zinc Ltd through offer for sale (OFS) which would run for two days, today and tomorrow (January 29).
According to the exchange filing of Tuesday, Vedanta has stated that the company’s board has approved the sale of up to 67,000,000 equity shares of Hindustan Zinc Ltd which represents 1.59% of HZL’s issued and paid-up equity share capital, through offer for sale.
The floor price for the offer has been set to Rs 685 per share which is a 6% discount on the last traded price on the NSE. Therefore, the metal company, Vedanta is going to raise around Rs 4,589.5 crore through the stake sale, based on the number of shares offered under the OFS and the floor price of Rs 685 per share.
The OFS will be conducted over two trading days according to officials through a separate window of the stock exchanges on January 28 and January 29, 2026 from 9:15 am to 3: 30 pm, IST on both days. For non-retail investors: 28 January, 2026 (T-day) and for retail investors and non-retail investors opting to carry forward unallocated bids: 29 January, 2026 (T+1) day.