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Market Chatter: Indian Government Eyes Up To 2% Stake Sale in Hindustan Zinc

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The Indian government is said to be looking to offload around 2% stake in Hindustan Zinc (NSE:HINDZINC, BOM:500188), which could fetch up to 50 billion Indian rupees, according to a Bloomberg News report on Friday, citing sources.

The Department of Investment and Public Asset Management, under the finance ministry, is planning to launch the stake sale process either this month or in July, the sources told the news agency.

ICICI Securities, Axis Capital, IIFL Capital Services, and HDFC Securities are advising the government on the transaction, the report said.

The government had previously sold a 1.6% stake in Hindustan Zinc in November 2025 for about 35 billion rupees at the time.

As of March 31, the government held a 27.9% stake in Hindustan Zinc, while its parent company Vedanta (NSE:VEDL, BOM:500295) owned a 60.7% stake.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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