Hindustan Zinc shares witnessed heavy selling pressure on Friday after reports emerged that the Indian government is planning to offload a 2% stake in the company through an Offer for Sale (OFS). The news triggered a sharp decline in the stock, with shares falling nearly 6% during the trading session.
Vedanta
Vedanta to Sell 1.6% Stake in Hindustan Zinc via OFS at Rs 685; Rs 4,600 Cr Fund Raise Plan
Vedanta Ltd (NSE: VEDL) has announced its plan to sell up to 1.6% stake in Hindustan Zinc Ltd through an Offer for Sale (OFS). The company aims to raise around Rs 4,600 crore from this stake sale.
JP Associates share price rallies 5%. What’s driving this penny stock higher?
JP Associates share price gained nearly 5% after a media report suggested that the Adani Group had emerged as the only bidder without conditions in the race to acquire the company.
Vedanta Promoter Group Firms Entered Three Facilities To Borrow $800 Million
Vedanta Promoter Group Firms Entered Three Facilities: Twin Star Holdings Ltd., Vedanta Netherlands Investments B.V. and Vedanta Resources Ltd. signed three separate facility agreements on Nov. 22 to borrow a total of $800 million, according to an exchange filing.
All You Need To Know Going Into Trade On November 1
Asian stocks climbed Monday as traders digested the outcome of Japan’s election and fresh all-time highs for U.S. shares. The yen weakened and a dollar gauge was steady.