Government plans to oppose Hindustan Zinc's move to buy global zinc assets of Vedanta - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Government plans to oppose Hindustan Zinc's move to buy global zinc assets of Vedanta

The government, which has nearly 30% stake in Hindustan Zinc that it intends to sell through offer-for-sale mechanism, is likely to vote against the plan on concerns ranging from high valuations to it being a related party transaction, the people said, asking not to be named as the information is not public.

from Industry-Economic Times
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