India Weighs 2% Hindustan Zinc Stake Sale for Up to $525 Million

1 articles · Updated · Bloomberg · Jun 5

Up to 50 billion rupees ($525 million) could be raised if India sells as much as a 2% stake in Hindustan Zinc, according to people familiar with the plan.
The Department of Investment and Public Asset Management, under the Finance Ministry, is targeting a launch this month or in July for the share sale process.
The proposed divestment would mark another step in India's state-asset sale program, with the timing and size still under consideration because the discussions are private.