Centre opposes Hindustan Zinc's $2.98 billion deal for Vedanta zinc assets1 min read 20 Feb 2023, 10:52 AM IST
The government holds around 30% stake in Hindustan Zinc, while Vedanta is the company's largest shareholder.
India's federal government has opposed Hindustan Zinc's proposed $2.98 billion acquisition of zinc assets from Vedanta Ltd, a letter from the government to the company showed on Monday. The deal was announced on January 19, according to the news agency Reuters.
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