Vedanta to sell 1.59% stake in Hindustan Zinc worth ₹4,589.5 crore via OFS

Vedanta's shareholding in Hindustan Zinc stood at 61.84 per cent at the end of December 2025, while the Indian government held a 27.92 per cent stake in the company

Vedanta on Tuesday approved the sale of up to 67 million equity shares of Hindustan Zinc (HZL) through an offer for sale (OFS), the company said in a BSE filing.

 

In a separate filing, HZL said that the floor price of the offer has been set at ₹685 per share, representing a 5.8 per cent discount on Tuesday's closing price of ₹726.6 apiece on the BSE. At this price, the company can realise around ₹4,589.5 crore through the OFS.  The OFS comprises a base stake of 0.79 per cent. If oversubscribed, a further 0.79 per cent will be sold, bringing the total sale to 1.59 per cent. The OFS opens for non-retail investors on Wednesday, January 28, and for retail investors on Thursday, the company said. 

Vedanta remains majority shareholder in Hindustan Zinc

As of December 31, Vedanta’s shareholding in the zinc and silver miner stood at 61.84 per cent, while the Indian government held a 27.92 per cent stake, making it the second-largest shareholder in Hindustan Zinc.

Hindustan Zinc Q3FY26 profit jumps on higher output

HZL posted a 46 per cent rise in consolidated net profit to ₹3,916 crore for the third quarter of the financial year 2025–26 (Q3FY26), compared with ₹2,678 crore a year earlier. On a quarter-on-quarter basis, profit climbed 47.8 per cent from ₹2,649 crore. The company said the increase was driven by higher production and lower costs.

Revenue growth accelerates in Q3FY26

Revenue from operations at the world’s largest zinc producer grew 27.8 per cent year-on-year to ₹10,627 crore, up from ₹8,315 crore in the same quarter last year. Sequentially, revenue increased 28.3 per cent from ₹8,282 crore in the preceding quarter.