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Hindustan Zinc forms wholly-owned subsidiary company

22 Dec 2021 Evaluate

Hindustan Zinc has formed wholly-owned subsidiary (WOS) in the name and style of ‘Vedanta Zinc Football & Sports Foundation’ on December 21, 2021 in the state of Rajasthan. The company has formed wholly-owned subsidiary to carry on strengthening India's football ecosystem by engaging the youth and leveraging the power of football to ensure their physical, mental and economic well-being; promoting infrastructure development, talent identification, training through development and excellence models, participation In structured state, national and international sporting competitions; thereby gainfully promoting the platform to all skill and otherwise and to secure the future for our young sporting talents and to carry out any other activity/ activities incidental In relation to the main object in and out of India.

The company will fully subscribe 1000 equity shares of Vedanta Zinc Football & Sports Foundation of the face value of Rs 100 each

Hindustan Zinc, the world’s second biggest zinc producer, operates the world’s third largest open-pit mine, and world’s largest Zinc Mine in Rampura Agucha, Rajasthan.

Peers
Company Name CMP
Hindalco Industries 960.50
Vedanta 257.20
Hindustan Zinc 561.00
Jain Resource Recycl 275.10
CMR Green Tech 212.80
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