Shares of Hindustan Zinc (HZL) fell 7.8% to a dayβs low of Rs 528 on the BSE on Friday, following the opening of Vedantaβs offer for sale (OFS) at a discounted floor price of Rs 486. The mining conglomerate, which is the promoter of HZL, is selling up to 3.31% of its stake, or 14…
READ MOREIn a key step for its proposed demerger, Vedanta has received approval from 75% of its secured creditors to obtain a clearance from stock exchanges. The natural resources major will then file the demerger scheme with the National Company Law Tribunal. The company is also in talks with some of these lenders to prepay their…
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