Govt against $3 billion Vedanta International zinc biz sale to HZL

Valuation of the assets is among several concerns flagged by the government, which holds a 29.54% stake in HZL that was privatised more than two decades ago. Officials said the proposed deal could affect Hindustan Zinc’s share price and upset the government’s plan to meet its divestment targets by selling a part of its stake through a public offer.

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