Hindustan Zinc approves corporate restructuring; to create separate entities for zinc, lead, silver & recycling biz
Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! The company’s management will appoint external advisors to assist in evaluating the options and together will update the way forward to the Board of Directors. Also Read: MCX share price nosedives after SEBI's gag on commodity derivative platform launch The strategic objectives outlined by the Board of Directors of Hindustan Zinc for undertaking such an exercise include unlocking value for all stakeholders, creation of businesses which are positioned to better capitalize on their distinct market positions, deliver long-term growth and distinct investment profiles to attract deeper and broader investor bases.
It also includes acceleration towards sustainability goals focused on waste to wealth, emissions reduction and strong ESG practices; appropriate capital structure and capital allocation policies based on business specific dynamics and sharpen focus on core competencies and appropriate realignment of the company’s resources, the company statement noted. Hindustan Zinc share price surged after the announcement of corporate restructuring.
At 1:25 pm, Hindustan Zinc shares were trading 4.63% higher at ₹312.75 apiece on the BSE. Catch Live Market Updates here"Exciting news! Mint is now on WhatsApp Channels
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