Vedanta Limited, promoter of Hindustan Zinc Limited, plans to sell up to 6,70,00,000 equity shares, representing 1.59% of the total issued and paid-up equity share capital of the company, through an Offer for Sale (OFS). The OFS will take place on January 28 and 29, 2026, via the stock exchange mechanism, to strengthen the balance sheet and optimize capital structure. At a floor price of ₹685 per share, the offer could generate over ₹4,590 crores.
Offer Details
Vedanta Limited, the promoter of Hindustan Zinc Limited (the “Company”), has announced its intention to sell up to 3,35,00,000 equity shares (representing 0.79% of the total issued and paid-up equity share capital) with an option to additionally sell up to 3,35,00,000 equity shares. The offer for sale (OFS) will be executed through the stock exchange mechanism.
Timeline
The OFS is scheduled to take place on January 28, 2026, for non-retail investors (“T day”) and on January 29, 2026, for retail investors and non-retail investors who choose to carry forward their unallotted bids from T day (“T+1 day”).
Offer Size and Oversubscription
The Base Offer Size is 3,35,00,000 Equity Shares, representing 0.79%. The Oversubscription Option also consists of 3,35,00,000 Equity Shares, representing 0.79%. If the oversubscription option is exercised, the total offer will amount to 6,70,00,000 Equity Shares.
Purpose of the Offer
The Offer is being undertaken by the Seller for strengthening and deleveraging the balance sheet and for optimization of the capital structure of the Company.
Floor Price
The floor price for the Offer is set at ₹685 (Rupees Six Hundred and Eighty-Five only) per Equity Share.
Allocation
A minimum of 25% of the Offer Shares shall be reserved for Mutual Funds and Insurance Companies. No single Bidder, other than Mutual Funds and Insurance Companies, shall be allocated more than 25 per cent of the Offer Shares.
Retail Portion
Minimum 10% of the Offer Shares shall be reserved for allocation to Retail Investors.
Important Conditions
Non-institutional investors must deposit 100% of the bid value upfront. Retail Investors must also provide 100% margin for bids placed at the Cut-off Price.
Source: BSE
