Hindustan Zinc Shares Fall After Vedanta Announces ₹4,500 Crore OFS
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CNBC TV18•28-01-2026, 09:11
Hindustan Zinc Shares Fall After Vedanta Announces ₹4,500 Crore OFS
- •Hindustan Zinc shares declined following Vedanta's announcement of an Offer For Sale (OFS) worth ₹4,500 crore.
- •Vedanta plans to sell up to 1.59% of its holdings in Hindustan Zinc, totaling 3.35 crore shares in the base offer and another 3.35 crore via a Greenshoe option.
- •The OFS opens for non-retail investors on January 28, 2026, and for retail investors on January 29, 2026.
- •Vedanta holds a 61.8% stake in Hindustan Zinc, while the Government of India holds 27.92%.
- •The OFS aims to increase the free float of Hindustan Zinc shares, which currently has limited availability for retail investors.
Why It Matters: Vedanta's ₹4,500 crore OFS of Hindustan Zinc shares led to a stock fall, aiming to increase free float.
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