bearish
Hindustan Zinc OFS Early Look - Due for a Correction, Large Selling Pressure Looming
531 Views14 Aug 2024 17:44
Vedanta Ltd (VEDL IN) is looking to raise US$760m from selling some stake in Hindustan Zinc (HZ IN). In this note, we take an early look at the deal, and comment on the deal dynamics.
What is covered in the Full Insight:
- Introduction
- Deal Dynamics
- Recent Financial Performance
- Framework Scores
- Concluding Thoughts
Boomeranged on Thu, 7 Nov 2024 09:13
The GoI has launched an OFS to trim a portion of its stake in Hindustan Zinc to raise US$317m. The deal will represent 2.5% of the firm's total shares outstanding. Pre-selldown, the GoI had owned ~30% of the firm's shares outstanding.
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