Mumbai, June 18 -- Vedanta Ltd is set to divest up to Rs.7,500 crore worth of its stake in Hindustan Zinc Ltd (HZL) through block deals, offering shares at a discount of up to 10% from the previous close, Economic Times reported quoting CNBC-TV18.

DAM Capital and Citi are said to be managing the deal as brokers.

Vedanta currently holds 63.42% in HZL, as per the latest shareholding data.

The company will set up a new smelter plant at Debari, Rajasthan, and increase mining operations as part of its broader ambition to double its production of zinc, lead and silver.

The smelter project will include a roaster, fumer, cell house, and melting casting unit at Debari, while the mining expansion will focus on the Rajpura Dariba mine, with addi...