The Indian government sold a portion of its stake in Hindustan Zinc. The sale involved up to 2.5% of the company's shares. This move caused share prices to drop over 7% on the Bombay Stock Exchange. The floor price for the sale was set at a discount compared to recent market values.

Hindustan Zinc's shares fell on Wednesday after the government announced an offer for sale to offload a 2.5% stake in the company. What Happened: The government will sell 5.28 crore shares, which make up 1.

The Indian government plans to divest 1.25% of its equity stake in HZL, with an option to sell an additional 1.25% as a green shoe option. Shares of Hindustan Zinc Ltd ended at ₹559.45, up by ₹16.25,

As the promoter of Hindustan Zinc, the government aims to sell up to 5.28 crore equity shares with a face value of Rs 2 each, comprising a base offer of 1.25%, according to the company’s filing. The OFS includes an initial 1.25% stake, with an option for an additional 1.25% if oversubscribed.

Miner Hindustan Zinc said on Tuesday the Indian government, its largest minority shareholder will sell a total 2.5% stake in the company and valued the sale at 53.34 billion rupees (about $634 million).

Hindustan Zinc share price declined more than 7.% in the morning trades on Wednesday. Offer for sale for 2.5% stake sale by the government starts today

The floor price for the same is fixed at Rs 505 a piece, which is nearly 10% discount to the current market price.

The Centre will sell up to 2.5 per cent stake in Hindustan Zinc at a floor price of ₹505 per share – a 10 per cent-odd discount over the current price - through an Offer for Sale (OFS) starting November 6,

The union government on Tuesday proposed to sell up to 2.5% stake in Hindustan Zinc through an offer for sale (OFS), which opens on November 6. The floor price for the same is fixed at Rs 505 apiece,