Key facts
- India is considering selling up to a 2% stake in Hindustan Zinc Ltd.
- The potential stake sale could raise approximately 50 billion rupees ($525 million).
- The transaction is part of a broader divestment drive.
- Several investment banks have been appointed to advise on the transaction.
The Indian government is reportedly considering selling up to a 2% stake in Hindustan Zinc Ltd. This potential share sale could generate approximately 50 billion rupees, which translates to about $525 million. The move is part of a broader divestment drive aimed at boosting revenue through public asset sales. Several investment banks have been appointed to advise on the transaction, which may occur this month or in July.