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Vedanta to Sell HZL Shares Worth ₹7,500 Cr
The New Indian Express Thrissur
|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 the 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 deleveraged by over $4 billion in the last three years. Further, the Hindustan Zinc board on Tuesday approved investing ₹12,000 crore to expand its metal smelting and refining operations
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