Hindustan Zinc OFS, Jan. 29 -- Hindustan Zinc shares remained lacklustre for the second day in a row on Thursday, stepping farther away from record high levels, despite the massive spurt in silver prices as the stake sale by its promoter weighed on investor sentiment.
Hindustan Zinc share price lost almost 2% to hit the day's low of Rs.695.30 on the BSE in the early morning session as its offer for sale (OFS) entered the second day of bidding today.
Hindustan Zinc's parent, Vedanta, is looking to offload a 1.59% stake in the zinc producer to cash in on the smart surge seen in the metal stock amid the sharp silver price rally.
Vedanta has fixed the floor price for Hindustan Zinc OFS of Rs.685, representing a 5.8% discount to Tuesday's c...
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