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Hindustan Zinc spurts on buzz of Vedanta‘s plan to up its acquisition offer price

10 Sep 2013 Evaluate

Hindustan Zinc is currently trading at Rs 129.90, up by 4.10 points or 3.26% from its previous closing of Rs 125.80 on the BSE.

The scrip opened at Rs 126.50 and has touched a high and low of Rs 134.75 and Rs 126.50 respectively. So far 272967 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs 146.80 on 18-Dec-2012 and a 52 week low of Rs 94.00 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs 127.00 and Rs 116.00 respectively. The current market cap of the company is Rs 54802.39 crore.

The promoters holding in the company stood at 64.92% while Institutions and Non-Institutions held 3.49% and 31.59% respectively.

Vedanta Plc, the london-based metals and energy giant, reportedly is planning to up its offer by another 10% for acquiring Union government's stake in Hindustan Zinc (HZL) and then merge it with Sesa Sterlite, by early next financial year. A merger of Sesa Sterlite with HZL will help the former to repay the loans worth $3.5 billion it took to acquire Cairn India.

Meanwhile, the government currently owns 29.5% in HZL and its stake is valued at Rs 15,630 crore, a 10% hike will sweeten the offer by another Rs 1,500 crore for the government and increase the total acquisition cost for Vedanta at Rs 17,000 crore.

In a complex restructuring announced last year, Vedanta merged its two Indian companies, Sesa Goa and Sterlite, into a combined entity called Sesa Sterlite and transferred its entire dollar debt to Sesa Sterlite, taken to buy Cairn India. With this, Sesa Sterlite had net debt of $6.6 billion as of March this year.

Hindustan Zinc Share Price

592.35 -0.10 (-0.02%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1038.95
Vedanta 787.60
Hindustan Zinc 592.35
Jain Resource Recycl 420.90
Gravita India 1639.80
View more..

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