Hindustan Copper Limited (BSE:513599) clarified on the divestment buzz that Vedanta Limited (NSEI:VEDL) is looking to buy government's stake in the company, saying the reports appear factually incorrect. "We are not aware of any negotiations or events taking place regarding the said report. Further, no event, information, etc.

that may have a bearing on price of Company's shares in the market is pending to be disclosed to the Exchanges," Hindustan Copper said. Recently, Vedanta Group chairman has expressed interest in bidding for buying the government's stake in Hindustan Copper as and when the state-owned firm is put up for privatisation. "Yes we are looking (at) Hindustan copper.

We are doing the due diligence. The dates have not come. As soon as they announce the date, things will be much more exciting and people will start believing that the process is going on in India," Agarwal had said earlier October 2021.