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The Indian government has conducted roadshows in Mumbai, London, Boston, and New York to gauge investor sentiment for its proposed stake sale in Hindustan Zinc Ltd.
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The government owns a 29.5% stake in Hindustan Zinc, India’s primary zinc manufacturer, and plans to offload it through an offer for sale (OFS) after testing the market.
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Hindustan Zinc has reported a 19.4% rise in Q1FY25 consolidated net profit to Rs 2,345 crore, with the company supplying to over 40 countries and holding a 75% share of India’s primary zinc market.
The Indian government has embarked on a global roadshow to gauge investor sentiment for its proposed stake sale in Hindustan Zinc Ltd, the country’s primary zinc manufacturer. As the largest minority shareholder with a 29.5% stake, the government aims to offload its stake through an offer for sale (OFS) after testing the market ¹. Roadshows have been held in major financial capitals, including Mumbai, London, Boston, and New York, over the past 15 days.
Hindustan Zinc has reported impressive financials, with a 19.4% rise in Q1FY25 consolidated net profit to Rs 2,345 crore. The company’s income has also increased to Rs 8,398 crore from Rs 7,564 crore in the year-ago period ¹. As the world’s second-largest integrated zinc producer and third-largest silver producer, Hindustan Zinc supplies to over 40 countries and holds a significant 75% share of India’s primary zinc market.
The government’s disinvestment plan is part of its broader objectives, with the sale of Hindustan Zinc stake aimed at meeting disinvestment targets ². The successful roadshows will pave the way for the stake sale, which is expected to generate significant interest from investors.
