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The Times of India
The Times of India
Business
PTI

Indian government opposes Vedanta move to sell zinc assets

Vedanta HZL Vedanta Ltd Anil Agarwal Hindustan Zinc Ltd Mining New Delhi

NEW DELHI: In a setback to billionaire Anil Agarwal's mining group, the government has opposed Vedanta Ltd's proposal to sell its international zinc business to Hindustan Zinc Ltd for $2.98 billion over concerns of valuation.

The government has threatened to take legal action to stop the sale of the Africa-based assets to HZL, in which it holds a 29.54 per cent stake.

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