close
close

Hindustan Zinc falls amid Vedanta’s plans to sell a major stake at a discount and reports of a special dividend of ₹8,000 crore


Hindustan Zinc falls amid Vedanta’s plans to sell a major stake at a discount and reports of a special dividend of ₹8,000 crore

Shares of Hindustan Zinc fell on Friday on reports that the company’s parent company, Vedanta GmbHis looking to offload a major portion of its stake in the company through an offer for sale (OFS) at a discount. Hindustan Zinc is also reportedly planning to announce a large special dividend to its shareholders. What happened: Anil […]

Hindustan Zinc shares fall after Vedanta announces sale of 2.6% stake


Hindustan Zinc shares fall after Vedanta announces sale of 2.6% stake

Shares of Hindustan Zinc Limited fell nearly 3% on Wednesday after Vedanta announced a share sale in the company. What happened: Vedanta’s board of directors has approved the sale of up to 110 million common shares, representing 2.60% of Hindustan Zinc, through an offer for sale, the company said in a press release on Tuesday. […]

Brokerages are positive on ONGC after government hiked premiums for new gas wells


Brokerages are positive on ONGC after government hiked premiums for new gas wells

The brokerage houses remained positive about Oil and natural gas company (ONGC) after the government announced higher premiums for new gas sources. What happened: ONGC said on Monday that the Ministry of Petroleum and Natural Gas had announced a 20% premium on gas produced from new wells or interventions. Previously, the domestic gas price (APM) […]