The Indian government plans to offload up to a 2.5% stake in Hindustan Zinc Ltd. (HZL) through an Offer for Sale (OFS), aiming to raise around ₹4,000 crore.
This move will reduce the government’s holding in the company from 29.5% to approximately 27%. The OFS will be open for institutional investors first, with retail investors following. The floor price for the sale is set at ₹320 per share, presenting a discount from HZL's current trading price of ₹326. This stake sale is part of India’s disinvestment strategy, targeting revenue from public sector enterprises.