India government plans to oppose Vedanta Zinc asset sale to unit: Report4 min read . Updated: 06 Feb 2023, 06:39 PM IST
The Indian government, which has nearly 30% stake in Hindustan Zinc that it intends to sell through offer-for-sale mechanism, is likely to vote against the plan on concerns ranging from high valuations to it being a related party transaction, the report said
The Indian government is planning to oppose Hindustan Zinc Ltd.’s proposal to buy global zinc assets of Vedanta Ltd. for $2.98 billion, people familiar with the matter said.
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