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Mumbai: Hindustan Zinc Ltd has surged about 4% today after the Anil Agarwal-led company announced plans to offload 6.7 crores in the company through an Offer For Sale (OFS). The stake sale, accounting for about 1.59% of the zinc producer’s equity, is aimed at strengthening Vedanta’s balance sheet.
Vedanta owns about 62% of Hindustan Zinc, which remains India’s only integrated zinc producer, recovered from zinc and lead ores. A former PSU, Vedanta had bought Hindustan Zinc from the government in 2003.
That investment has become one of the biggest bets yet for the Anil Agarwal-led company, which has been quite popular for its consistent dividend payouts.
Vedanta could have faced the same fate as Gautam Adani did with the Hindenburg allegations, if the Supreme Court had accepted the PIL for similar allegations made by Viceroy Research. The allegations said that Vedanta Resources forced its listed company Vedanta Ltd to borrow heavily to pay dividends, which the company has denied so far.
This development is a part in Vedanta’s plan to demerge its businesses to unlock value, even as surging silver prices have helped the company earn a ₹3,879 crore standalone net profit in Q3 FY26 from its operations, a 46.5% rise year on year.
Unlike gold which is seen as an investment safe haven, silver is used extensively in various industries, besides its ornamental value. Rising demand hasn’t been able to keep up with supply, attracting investors of all hues.
This OFS, approved on January 27, 2026, will offer shares worth ₹4,868 crore through the stock markets. Investors are eagerly looking for updates to the OFS.
Hindustan Zinc shares rally after Vedanta approves 6.7 crore OFSFollowing the news, Hindustan Zinc’s shares have rallied 3.98% from the previous close, reaching ₹726.50 a piece on closing.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.
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