Subscribe To Print Edition About The Tribune Code Of Ethics Download App Advertise with us Classifieds

Advertisement

Govt to sell 2.5% stake in HZL, floor price fixed at Rs 505

The government will sell up to 2.5 per cent stake in Hindustan Zinc Limited (HZL) at a floor price of Rs 505 per share through an offer for sale (OFS). The stake sale would fetch over Rs 5,000 crore at...

PTI

New Delhi, Updated At : 08:58 AM Nov 06, 2024 IST

featured-img

Advertisement

The government will sell up to 2.5 per cent stake in Hindustan Zinc Limited (HZL) at a floor price of Rs 505 per share through an offer for sale (OFS). The stake sale would fetch over Rs 5,000 crore at the floor price.

The two-day OFS will open for institutional bidders on Wednesday and for retail investors on Thursday.

“The government will divest 1.25 per cent equity with an additional 1.25 per cent as greenshoe option,” Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said on X.

Advertisement

Shares of HZL closed at Rs 559.45, up 2.99 per cent over previous close on the BSE.

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Copyright © The Tribune Trust, 2024

Designed and developed by : SORTD