Vedanta Limited (NSEI:VEDL), the promoter of Hindustan Zinc Limited (BSE:500188), is set to divest shares valued at up to INR 75.00 billion through block deals, according to sources from CNBC Awaaz. The anticipated sale is likely to be at a discount of up to 10% from the last closing price. DAM Capital and Citi are reportedly the brokers facilitating the transaction, which is expected to reach the market shortly.
This strategic move comes as Hindustan Zinc's shares dropped by 5.26%, closing at INR 485.95 on the NSE, reflecting a decrease of INR 27 from the previous day.
