Hindustan Zinc shares fall 20% in a week, OFS opens for retail investors

Hindustan Zinc Share Price: Hindustan Zinc’s shares fell by around 5%, marking a 20% drop over the past week, as its offer for sale (OFS) opened for retail investors. Non-retail investors had oversubscribed the offered shares. Vedanta is planning to demerge its operations to manage refinancing risks and lessen its dependence on dividends from Vedanta Resources Ltd. Hindustan Zinc Share Price: Hindustan Zinc’s shares fell by around 5%, marking a 20% drop over the past week, as its offer for sale (OFS) opened for retail investors. Non-retail investors had oversubscribed the offered shares. Vedanta is planning to demerge its operations to manage refinancing risks and lessen its dependence on dividends from Vedanta Resources Ltd.  Economic Times

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