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Demerger of HZL awaits Vedanta split

Mint New Delhi

|

January 29, 2025

In November, the government raised ₹3,449 cr by selling a 1.6% stake in the company through an offer for sale

- Nehal Chaliawala & Pranati Deva

Hindustan Zinc Ltd (HZL) will focus on its proposed demerger into two or more units once parent company Vedanta Ltd completes its ongoing demerger into five separate entities and the Indian government, which is its largest minority shareholder, firms up its further stake dilution plans, a top executive said. "We will see if any further OFS (offer for sale) will be there or not and then we will start thinking of demerger," said Arun Misra, chief executive of HZL.

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