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Vedanta pledges 5.77% stake in Hindustan Zinc for term loan of Rs 8,000 crore

09 Jun 2022 Evaluate

Vedanta has pledged 5.77 per cent stake in Hindustan Zinc for a term loan of Rs 8,000 crore. The announcement comes days after the Cabinet Committee on Economic Affairs (CCEA) approved the government's 29.5 per cent stake sale in Vedanta group firm Hindustan Zinc (HZL).

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

Peers
Company Name CMP
Hindalco Industries 860.50
Vedanta 226.00
Hindustan Zinc 497.00
Jain Resource Recycl 289.30
CMR Green Tech 196.00
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