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Govt approves sale of entire remaining stake in Hindustan Zinc

The government may sell its shares in tranches through offer for sale (OFS), and the sale will be structured by DIPAM, an official said

Representative Image. Photo: Twitter (@Hindustan_Zinc)

Representative Image. Photo: Twitter (@Hindustan_Zinc)

Nikunj Ohri New Delhi
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the sale of the government’s remaining stake in Hindustan Zinc Ltd (HZL), as the Centre looks to accelerate its disinvestment drive. The sale of the entire 29.5 per cent stake in HZL would fetch the Centre Rs 38,062 crore according to the closing price of the company’s shares on Wednesday.

The government may sell its stake in tranches through an offer for sale (OFS), and the same will be structured by the Department of Investment and Public Asset Management (DIPAM), an official said. This will help the Centre in moving closer

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First Published: May 25 2022 | 3:09 PM IST

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