Vedanta to offload 1.6% in Hind Zinc, to mop up 4.6k cr

Mumbai: Vedanta Ltd, the promoters of Hindustan Zinc (HZL), is eyeing to sell up to 6.7 crore shares of HZL, translating to almost 1.6% of its equity to mop up nearly Rs 4,600 crore. On Tuesday, Vedanta informed the stock exchanges that it would sell the HZL stake through the offer for sale (OFS) route at a floor price of Rs 685 per share.

The offer price is at a 5.8% discount to HZL’s Tuesday closing price of Rs 727 on BSE. The OFS programme is set to open on Wednesday when only non-retail investors will be allowed to bid for the shares while the window for retail investors will open on Thursday.

The base offer for HZL stake will be of 3.4 crore shares translating to 0.8% of the company’s equity, Vedanta’s disclosure to the exchanges said. The promoters of HZL also have the right to offer another 3.4 crore shares of the metals producer if there is enough demand for the stock (the green shoe option), it said.

Having offloaded portions of its stake in HZL twice in the past two years, Vedanta is selling the stake to strengthen and deleverage its balance sheet and for optimisation of its capital structure.

As of Dec 31, 2025, Vedanta owned nearly 62% in HZL, shareholding disclosure on the BSE showed. Post successful completion of the OFS, including the green shoe option, Vedanta will hold a little over 60% in the company. Citigroup Global Markets India are the brokers to the offer.