India's Hindustan Zinc falls on stake sale by parent company

Hindustan Zinc

28/01/2026 04:42

** Shares of Hindustan Zinc HZNC.NS down 1.3% at 717.6 rupees

** Co's parent company Vedanta VDAN.NS said it will sell up to a 1.59% stake in co

** Stake sale worth about 45.9 billion rupees ($500.9 million) based on Reuters calculations

** Vedanta will sell the shares at a floor price of 685 rupees, it said in an exchange filing, representing a 5.8% discount to Tuesday's closing price of 727.20 rupees

** Vedanta has sold portions of its stake in Hindustan Zinc twice in the past two years to help shore up its balance sheet

** Stock rated as "hold" on average by 14 analysts; median PT at 588 rupees, as per data compiled by LSEG

** HZNC rose nearly 38% in 2025

($1 = 91.6300 Indian rupees)

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))