Vedanta-Hindustan Zinc deal worry may hit divestment plan for FY23

Centre's opposition to the Vedanta-HZL deal is on account of valuation and the deal being a related-party transaction

Shrimi Choudhary | New Delhi
Last Updated at February 27, 2023 23:06 IST

Centre had planned to disinvest entire 29.5 per cent residual stake in Hindustan Zinc in tranches, with sale of first tranche to be completed by end of this fiscal year (Illustration: Binay Sinha)

The Centre’s plan to sell its residual stake in Hindustan Zinc (HZL) could face a stumbling block because of its opposition to the company’s proposed $2.98-billion acquisition of zinc assets from Vedanta.

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