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Hindustan Zinc’s stake sale gets clearance

20 Aug 2013 Evaluate

Hindustan Zinc’s stake sale has reportedly been cleared of legal issues. Similarly, the legal hurdles surrounding divestment in Bharat Aluminium Company’s (BALCO) stake sale too have been cleared.

Majority stakes in both these companies were sold to Vedanta group during 2001-2003 and now the government has a residual stake of 29.5 percent and 49 percent in Hindustan Zinc and Bharat Aluminium Company (BALCO) respectively.

Meanwhile, the government has budgeted Rs 14,000 crore from residual stake sale in companies like Hind Zinc.

Peers
Company Name CMP
Hindalco Industries 944.40
Vedanta 259.65
Hindustan Zinc 554.30
Jain Resource Recycl 282.30
CMR Green Tech 220.30
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