Vedanta to Sell 1.59% Stake in Hindustan Zinc via OFS; Stock Jumps 4%
Share Market
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News18•27-01-2026, 18:02
Vedanta to Sell 1.59% Stake in Hindustan Zinc via OFS; Stock Jumps 4%
- •Anil Agarwal-led Vedanta Limited plans to sell approximately 6.7 crore equity shares (1.59% stake) in Hindustan Zinc through an Offer for Sale (OFS).
- •Vedanta currently holds 61.84% in Hindustan Zinc, while the Government of India holds 27.92%.
- •Hindustan Zinc reported a 47% year-on-year increase in Q3 net profit to ₹3,879 crore, driven by higher silver prices and operational efficiency.
- •The company's Q3 EBITDA rose 34.7% to ₹6,005 crore, with operating margin improving by 300 basis points to 55%.
- •Hindustan Zinc shares closed up 3.97% at ₹726.60, delivering 50% returns in 3 months and 70% in 6 months, with a market cap of over ₹3.07 lakh crore.
Why It Matters: Vedanta will sell a 1.59% stake in Hindustan Zinc, which reported strong Q3 results and significant stock gains.
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