Vedanta Limited has informed the Exchange regarding a press release dated Jun 18, 2025, titled "Vedanta Divests 1.6% Stake in Hindustan Zinc, Strengthens Balance Sheet".
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On the reaction day the stock moved 0.9 pts less than Nifty 100 and 0.9 pts less than its Metals & Mining 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 has sold 66.7 million shares of its subsidiary Hindustan Zinc Limited, representing about 1.6% of HZL's issued share capital, to institutional investors through an accelerated book-building process. The gross proceeds from the sale amount to approximately INR 3,028 crore. The company says the capital raise is aimed at reducing debt on its balance sheet and boosting financial flexibility. The funds will also support Vedanta's ongoing plan to demerge into separate sector-focused business entities. Vedanta described the transaction as a sign of continued investor confidence in its strategic direction and deleveraging efforts.
Positive for Vedanta shareholders in the short term, as the company reduces debt and gets fresh funding ahead of its planned demerger; the move may create mild near-term supply pressure on Hindustan Zinc shares but is too small to materially change Vedanta's majority control.