The proposed issuance shall be subject to the borrowing limits of the company and any necessary approvals from stock exchanges and other regulatory/governmental authorities, as may be required.
Hindustan Zinc, a Vedanta Group company, is an integrated producer of zinc, lead and silver. As of March 2024, Vedanta held 64.92% stake in the company.
The company’s consolidated net profit jumped 32.1% to Rs 2678 crore on 17.7% increase in net sales to Rs 8,315 crore in Q3 FY25 over Q3 FY24.