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Vedanta to Sell HZL Shares Worth ₹7,500 Cr
The New Indian Express Tirunelveli
|June 18, 2025
Shares Likely to be Offered at 10% Discount; Hindustan Zinc to Invest ₹12,000 Cr to Expand Smelting Facility in Udaipur
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approved the first interim dividend of ₹10 per equity share i.e. 500% on face value of ₹2 per equity share for the financial year 2025-26. Vedanta will amass ₹2,679 crore as dividend from Hindustan Zinc. Vedanta Ltd has been aggressively pursuing deleveraging with the immediate target of bringing down EBITDA to net debt ratio to 1 from 1.2 in FY25. Vedanta Ltd's parent Vedanta Resources has de-leveraged by over $4 billion in last three years. Further, Hindustan Zinc board on Tuesday approved investing ₹12,000 crore to expand its metal smelting and refining operations at the
This story is from the June 18, 2025 edition of The New Indian Express Tirunelveli.
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