Hindustan Zinc Ltd

ICICI Securities, Axis Capital and Citigroup Global Markets are among the five investment bankers selected to manage the sale of the government's 29.53 per cent residual stake in Hindustan Zinc Ltd, an official said on Tuesday.

As many as six merchant bankers are vying to handle and manage the sale of the government's 29.53 per cent residual stake in Hindustan Zinc Ltd (HZL), according to an official notice.

Vedanta Ltd on Wednesday said it has pledged 5.77 per cent stake in Hindustan Zinc Ltd for a term loan of Rs 8,000 crore.

The Union Cabinet on Wednesday approved the sale of the government's residual 29.58 per cent stake in Hindustan Zinc Ltd, which at current prices would fetch over Rs 38,000 crore to the exchequer, sources said.

Metals and mining group Vedanta Ltd will announce the contours of a proposal to spin off key businesses into separate listed companies by March-end

Two decades after the first NDA government decided to divest stake in Hindustan Zinc Ltd (HZL) to a strategic partner - SOVL, the Supreme Court Thursday ordered the CBI to register a case into the various alleged irregularities.

Mr Agarwal has majority control of Hindustan Zinc Ltd through the Vedanta group that he founded and still controls.

Anil Agarwal, who has majority control of Hindustan Zinc Ltd through Vedanta Ltd, will make the investment via his family trust Volcan Holdings, Volcan said in a statement.

The world's second largest zinc producer wants to expand the production capacity of Lead-Zinc and ore beneficiation at its Zawar Group of underground mines located in Sarada district.

The government has no "strategic interest" in holding a minority stake of 29.54 per cent in Hindustan Zinc Ltd (HZL), according to Mines Minister Piyush Goyal.

Sumeet Bagadia, associate director at Choice Broking, is bullish about stocks. Investors should buy stocks as long as the Nifty holds 8,550-8,540, he said, adding that a move above 8,650 could extend the rally by another 100-150 points.

Hindustan Zinc Ltd (HZL) on Wednesday reported a 47 per cent fall in net profit at Rs 1,037 crore for the quarter ended June 30, 2016, mainly on account of higher cost of production, taxes and depreciation.

In spite of falling commodity prices, Vedanta Ltd, formerly known as Sesa Sterlite, has come out with robust results in a volatile market helped by cost control and higher productivity, the company said on Wednesday.

After Hindustan Zinc Ltd, Vedanta Group's other cash-rich firm Cairn India is set to declare a dividend for fiscal year 2015-16.

Mining mogul Anil Agarwal-led Hindustan Zinc Ltd on Monday paid the government about Rs 3,000 crore in a special dividend.

ICICI Securities, Axis Capital and Citigroup Global Markets are among the five investment bankers selected to manage the sale of the government's 29.53 per cent residual stake in Hindustan Zinc Ltd, an official said on Tuesday.

As many as six merchant bankers are vying to handle and manage the sale of the government's 29.53 per cent residual stake in Hindustan Zinc Ltd (HZL), according to an official notice.

Vedanta Ltd on Wednesday said it has pledged 5.77 per cent stake in Hindustan Zinc Ltd for a term loan of Rs 8,000 crore.

The Union Cabinet on Wednesday approved the sale of the government's residual 29.58 per cent stake in Hindustan Zinc Ltd, which at current prices would fetch over Rs 38,000 crore to the exchequer, sources said.

Metals and mining group Vedanta Ltd will announce the contours of a proposal to spin off key businesses into separate listed companies by March-end

Two decades after the first NDA government decided to divest stake in Hindustan Zinc Ltd (HZL) to a strategic partner - SOVL, the Supreme Court Thursday ordered the CBI to register a case into the various alleged irregularities.

Mr Agarwal has majority control of Hindustan Zinc Ltd through the Vedanta group that he founded and still controls.

Anil Agarwal, who has majority control of Hindustan Zinc Ltd through Vedanta Ltd, will make the investment via his family trust Volcan Holdings, Volcan said in a statement.

The world's second largest zinc producer wants to expand the production capacity of Lead-Zinc and ore beneficiation at its Zawar Group of underground mines located in Sarada district.

The government has no "strategic interest" in holding a minority stake of 29.54 per cent in Hindustan Zinc Ltd (HZL), according to Mines Minister Piyush Goyal.

Sumeet Bagadia, associate director at Choice Broking, is bullish about stocks. Investors should buy stocks as long as the Nifty holds 8,550-8,540, he said, adding that a move above 8,650 could extend the rally by another 100-150 points.

Hindustan Zinc Ltd (HZL) on Wednesday reported a 47 per cent fall in net profit at Rs 1,037 crore for the quarter ended June 30, 2016, mainly on account of higher cost of production, taxes and depreciation.

In spite of falling commodity prices, Vedanta Ltd, formerly known as Sesa Sterlite, has come out with robust results in a volatile market helped by cost control and higher productivity, the company said on Wednesday.

After Hindustan Zinc Ltd, Vedanta Group's other cash-rich firm Cairn India is set to declare a dividend for fiscal year 2015-16.

Mining mogul Anil Agarwal-led Hindustan Zinc Ltd on Monday paid the government about Rs 3,000 crore in a special dividend.