Vedanta Limited announced on Tuesday that it has approved the sale of up to 67 million equity shares of Hindustan Zinc (HZL) through an offer for sale (OFS), according to a filing with the BSE.
The proposed sale represents 1.59% of Hindustan Zinc’s issued and paid-up equity share capital. The company did not specify the floor price for the offer. On Tuesday, Hindustan Zinc’s shares closed at ₹726.6 each on the BSE.
As of December 31, Vedanta’s stake in Hindustan Zinc stood at 61.84%, making it the largest shareholder, while the Indian government held a 27.92% stake, ranking as the second-largest stakeholder.
Hindustan Zinc Reports Strong Q3 Performance
Hindustan Zinc posted a 46% increase in consolidated net profit for the third quarter of the financial year 2025-26 (Q3FY26), reaching ₹3,916 crore, up from ₹2,678 crore in the same period last year. Sequentially, profit grew by 47.8% from ₹2,649 crore.
The company attributed the profit surge to higher production volumes and lower costs.
Revenue from operations rose 27.8% year-on-year to ₹10,627 crore, compared to ₹8,315 crore in Q3FY25. On a quarter-on-quarter basis, revenue increased by 28.3% from ₹8,282 crore in the previous quarter.
Vedanta’s move to divest a stake in Hindustan Zinc comes amid the company’s strategic efforts to unlock value and optimize its portfolio.