Shares of Vedanta Limited and Hindustan Zinc Limited declined today, with Vedanta trading down 2.97 per cent at ₹442.95 and Hindustan Zinc falling 2.30 per cent to ₹442.40 as of 11.59 am, following the company’s announcement of a significant stake sale.
Vedanta Limited announced that it had sold 66.7 million shares in its subsidiary Hindustan Zinc Limited to institutional investors through an accelerated bookbuild process. The transaction, representing approximately 1.6 per cent of Hindustan Zinc’s issued ordinary share capital, generated gross proceeds of ₹3,028 crore.
The mining conglomerate stated the capital raise will help deleverage its balance sheet and enhance financial flexibility as it progresses toward its planned demerger into sector-focused entities. The company aims to enable each demerged entity to pursue independent growth plans.
In a separate development, Vedanta’s board approved a first interim dividend of ₹7 per equity share for the financial year 2025-26, amounting to approximately ₹2,737 crore. The record date for dividend payment is set for June 24, 2025.
Vedanta described the transaction as reflecting continued investor confidence in its strategic direction, citing recent progress in delivering record production, driving cost efficiencies, and executing deleveraging initiatives. The company is a global leader in critical minerals and transition metals, operating across multiple countries, including India, South Africa, and Namibia.