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The Times of India
The Times of India
Business
PTI

Cabinet clears sale of govt's 29.58% stake in Hindustan Zinc valued at Rs 38,000 crore

Hindustan Zinc HZL Union Cabinet Vedanta New Delhi

NEW DELHI: The Union Cabinet on Wednesday approved the sale of the government's residual 29.58 per cent stake in Hindustan Zinc, which at current prices would fetch over Rs 38,000 crore to the exchequer, sources said.

The Cabinet Committee on Economic Affairs (CCEA) approved the sale of 124.9 crore shares government holds in the zinc producer which was sold to mining mogul Anil Agarwal's Sterlite Industries in 2002.

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