Govt gets Rs 3,449 cr from Hindustan Zinc OFS
Hindustan Zinc Ltd by selling about 1.6 per cent stake. Through the two-day OFS on November 6-7, the government had proposed to sell over 5.28 crore shares, or 1.25 per cent stake, with a greenshoe option to retain additional subscriptions of a similar amount.
As per the official data, the government has raised Rs 3,449.18 crore from the OFS.
On the first day of the share sale offer on November 6, the institutional investors had placed bids for close to Rs 3,400 crore shares or about 1.58 per cent stake.
Retail investors' demand was somewhat muted on November 7.
The government, which held a 29.54 per cent stake in HZL before the OFS, is the largest minority shareholder in the Vedanta Group firm.
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