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Vedanta stock watched closely as zinc stake sale kicks off
Vedanta launched an OFS to sell a small stake in Hindustan Zinc, drawing investor attention to pricing, demand trends, and balance sheet implications.
Vedanta shares remained in focus as the mining major launched an offer for sale to divest up to 1.59% stake in Hindustan Zinc. The transaction aims to raise funds and improve balance sheet flexibility. Market participants tracked floor price, demand outlook, and promoter holding changes. Analysts said the OFS could influence near term price movement in both Vedanta and Hindustan Zinc stocks.