Vedanta is reportedly planning to sell shares of Hindustan Zinc worth up to Rs 7,500 crore through block deals, as per CNBC-TV18. The shares are expected to be sold at a discount of up to 10% from the previous closing price.
According to the report, this move is part of Vedanta's strategy to raise funds through the sale of non-core assets. The company aims to utilize the proceeds to reduce its debt and strengthen its balance sheet.
Source: Moneycontrol
