Government's Strategic Roadshows for Stake Sale in Hindustan Zinc

In the last 15 days, the government has conducted roadshows in financial capitals like Mumbai, London, Boston, and New York to explore market interest and meet investors regarding the sale of its 29.5% stake in Hindustan Zinc Ltd. Discussions are ongoing about restructuring the company and the government’s commitment to offloading its stake.

The government has been actively engaging with potential investors by organizing a series of roadshows in financial capitals such as Mumbai, London, Boston, and New York. These roadshows aim to gauge market sentiment and attract investor interest for the sale of its 29.5% stake in Hindustan Zinc Ltd, owned by the Vedanta Group.

''The roadshow is focused on the disinvestment process. The government is committed to selling part of its stake in Hindustan Zinc Ltd and has held multiple roadshows over the past fifteen days in key financial hubs,'' said Mines Secretary V L Kantha Rao, during a workshop on UNESCO Global Geoparks and Geoparks in India.

Hindustan Zinc Ltd has been in discussions with the government regarding a restructuring proposal to divide the company into two verticals. CEO Arun Misra stated that communication between the government and the company has been productive. The company's board recently approved a second interim dividend and reported a significant rise in net profit for the April-June quarter of FY25.

(With inputs from agencies.)