Hindustan Zinc Stock Plummets 6% Amid Vedanta Stake Sale

  Published 1 year ago

Hindustan Zinc drops 6% as Vedanta sells 1.6% stake via $350M block deal at 7% discount, triggering intraday losses.

  • Vedanta holds 63% in HZNC, offloads shares at 452.50 rupees, impacting the mid-cap index.
  • 108 million shares traded; HZNC down 6% to 457 rupees, worst since April 4, 2023.
  • VDAN shares rise 0.5% despite stake sale; HZNC up 3.3% year to date.

You might like these

India Rupee Volatility, Forward Premiums Decline

Maruti Suzuki August 2025 Sales

Sensex Crashes 800 Pts on Trump Tariff Shock

India Ready If Russian Oil Hit

Moody’s Reaffirms Tata Steel Rating

Finolex Cables Shares Surge on Strong Outlook

Tata Steel Shares Slip Chrome Demand

News that matters the most ⚡