New Delhi, June 18 -- Hindustan Zinc share price slipped over 6 per cent to Rs.455.60 apiece on NSE in Wednesday's trading session after 7.2 crore shares changed hands in a block deal on June 18.
According to CNBC TV18 report, shares worth Rs.3,323 crore, which is 7.2 crore shares or 1.71 per cent of the company's equity-were traded in block deals at a price of Rs.460 each.
The shares were expected to be offered at a discount of up to 10% from their previous closing price, with DAM Capital and Citi serving as the lead managers for the deal.
As of the end of the March quarter, Vedanta owned 63.42% of Hindustan Zinc, according to exchange filings. The Government retained a stake of over 25%, while the remaining shares were held by LIC an...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.