Vedanta Limited announced on June 18 that it has sold 66.7 million shares in Hindustan Zinc Limited through an accelerated bookbuild process, amounting to approximately 1.6% of the company’s total issued equity capital. The stake sale fetched gross proceeds of around Rs 3,028 crore.
According to the official release, the transaction is part of Vedanta’s broader strategy to strengthen its financial position ahead of the planned demerger into sector-focused entities. The capital raised from the stake sale is expected to support deleveraging and enhance financial flexibility across the business units.
Vedanta emphasized that the move reflects continued investor confidence in the group’s strategic transformation, which includes operational efficiency, record production achievements, and long-term value creation efforts.
The company reiterated that the demerger process, aimed at unlocking growth potential across its verticals, remains on track.
