Vedanta to sell up to 6.7 crore Hindustan Zinc shares via OFS; floor price Rs 685
HINDZINC · price
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On the reaction day the stock moved 4.0 pts less than Nifty 100 and 4.9 pts less than its Non - Ferrous Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Vedanta Limited, promoter of Hindustan Zinc, will sell up to 3.35 crore shares (0.79% stake) via Offer for Sale on BSE and NSE on Jan 28-29, 2026, with a greenshoe option for an additional equal tranche, taking the total up to 6.7 crore shares (1.59%). Floor price is Rs 685 per share. Non-retail bidding on Jan 28, retail on Jan 29, both 9:15 AM to 3:30 PM. No discount for retail investors. Proceeds will deleverage Vedanta's balance sheet.
Promoter stake sale may create short-term supply pressure on HZL stock. Vedanta aims to deleverage its balance sheet.