Vedanta to sell its foreign zinc assets to Hindustan Zinc for $2.98 bn
Metals and mining major Vedanta on Thursday said that its board had approved the sale of its international zinc assets in South Africa and Namibia to subsidiary Hindustan Zinc (HZL) for $2.98 billion. In a disclosure to the stock exchanges, Vedanta said the transaction would be an all-cash […]
Vedanta to sell international zinc assets to Hindustan Zinc for $2981 million
The Anil Agarwal-led Vedanta Ltd will sell Zinc International’s assets to Hindustan Zinc, a Vedanta subsidiary, for a cash consideration of $2,981 million. According to stock market notification, the sale of Zinc International assets held by THL Zinc Ventures Ltd (Mauritius) – another wholly owned subsidiary of Vedanta, through THL Zinc Ltd (Mauritius) – was […]