Centre raises Rs 3,449 crore from Hindustan Zinc stake sale

Quick Summary:

The Indian government has successfully generated Rs 3,449 crore by selling a 1.6% stake in Hindustan Zinc Ltd.through an offer-for-sale.

Institutional investors showed strong interest, while retail investors' response was muted.

This sale is part of the government's ongoing disinvestment drive in the current fiscal year.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: India

Topics: Disinvestment revenue Business news 449 crore generated Vedanta Group OFS institutional investors Hindustan Zinc stake sale Rs 3

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 17:58:38 (5 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 730 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23490048

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