Govt may ask HZL to explore share swap,  rights  issues
Hindustan Zinc may have to explore alternative strategies other than handing out cash for the proposed $2.98 billion acquisition of Vedanta’s zinc assets
Stay updated with breaking news from Ventures Ltd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Hindustan Zinc may have to explore alternative strategies other than handing out cash for the proposed $2.98 billion acquisition of Vedanta’s zinc assets
The government holds around 30% stake in Hindustan Zinc, while Vedanta is the company's largest shareholder.
Ministry of mines said deal is 'related party transaction' and government would 'like to reiterate’ its dissent
According to the Union mines ministry, the HZL board’s January decision to acquire these assets violates minority shareholder rights. Vedanta owns a 64.9% stake in HZL and the government of India 29.5%
The Board of Directors of Mercantile Ventures Limited have approved the financial results of the company for the period ended December 31, 2022 - Q3FY23, 9MFY23 at its board meeting.