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Govt can get $3.7 billion for its stake in HZL, Balco: Anil Agarwal

Govt can get $3.7 billion for its stake in HZL, Balco: Anil Agarwal

Keen to buy government's residual stake in Hindustan Zinc and Bharat Aluminium Co, Vedenta Resources Chairman Anil Agarwal Thursday said the government can get Rs 25,000 crore (about USD 3.7 billion) from stake sale.

Volatile markets may slow down PSU stake sale: FM Jaitley

Volatile markets may slow down PSU stake sale: FM Jaitley

Volatile stock markets may compel government to go slow in diluting PSU stocks in the stock market, said Finance Minister Arun Jaitley

Balco begins process to shut rolling biz; to cut 1,000 jobs

Balco, part of Anil Agarwal-led Vedanta Ltd, on Monday said it has started the procedure to shut down its aluminium rolling business in Chhattisgarh - a move that will see 1,000 people losing jobs.

Cancelled JSPL, Balco mines given to Coal India

Cancelled JSPL, Balco mines given to Coal India

The government on Monday is believed to have alloted the three cancelled coal blocks, for which JSPL and Balco had emerged as the highest bidders in the recently concluded auctions, to state-owned miner CIL.

BALCO gets nod for 1,200 MW power plant in Chhattisgarh

BALCO is a subsidiary of Vedanta group's Sesa Sterlite.

Vedanta chief Agarwal expects to buy HZL, BALCO stakes soon

Banking on Modi government's determination to go ahead with disinvestment drive, Vedanta Resources chief Anil Agarwal said the company expects to pick up residual stakes in Hindustan Zinc and BALCO at "market driven value" soon.

Residual stake sale in Hindustan Zinc, Balco unlikely this fiscal

The government is unlikely to sell its residual stake in Hindustan Zinc and Balco in the current fiscal as it looks at ONGC and Coal India disinvestments to meet the current year's target.

Vedanta Chairman discusses HZL, Balco stake sale with FM

Weeks after government-appointed valuers visited the sites of Hindustan Zinc and Balco, Vedanta Resources Chairman Anil Agarwal on Friday discussed with Finance Minister Arun Jaitley issues related to residual stake sale in the erstwhile state-owned firms.

Govt approves stake sale in Hindustan Zinc, BALCO

The government owns 29.5 percent of Hindustan Zinc and 49 percent of BALCO.

EC nod sought for appointing valuers in HZL, Balco stake sale

The Disinvestment Department has approached the Election Commission seeking its approval for appointing valuers for government's residual stake in Hindustan Zinc and Balco.

IMG starts process for residual stake sale in HZL, Balco

The government holds 49 percent stake in Balco and 29.5 percent in HZL.

FinMin convenes meeting tomorrow on Balco stake sale

The Finance Ministry has convened a meeting tomorrow to discuss selling government's residual stake in Balco that can fetch over Rs 3,000 crore to the exchequer.

Govt likely to divest remaining Balco shares via auction route

The government is likely to sell its remaining stake in aluminium major Balco through auction route following Law Ministry's opinion that "there appears no constitutional or legal issue involved" in selling shares of the company via offer for sale (OFS) method.

Vedanta gets shareholders' nod to raise offers for HZL, Balco

Shareholders of mining conglomerate Vedanta Resources on Wednesday approved proposals to empower the company to raise offers for acquiring remaining government stake in Hindustan Zinc and Balco by up to 43 percent or up to Rs 24,663 crore.

'No new offers yet from Vedanta on HZL, Balco sale'

The government holds 29.5 percent stake in Hindustan Zinc Ltd (HZL) and 49 percent stake in Balco. Majority stake in the two erstwhile PSUs was sold to Vedanta group during 2001-2003.

Vedanta seeks blessing for $3.5 bn India buyout offers

Mining group Vedanta has asked shareholders to renew their backing for an offer of up to USD 3.48 billion to buy government minority stakes in two of its subsidiaries, as it seeks to streamline its structure.

Vedanta to hike offer to $4 bn for more stakes in Balco, HZL

Sweetening its long pending offer, mining conglomerate Vedanta Resources will hike the total offer price for acquiring more stakes in Hindustan Zinc and Balco to nearly USD 4 billion (more than Rs 24,800 crore), 43 percent higher than its last year's proposal.

Yet to hear from govt on HZL, Balco stake sale: Vedanta

Vedanta Resources is yet to hear anything "officially" on disinvestment of Hindustan Zinc and Balco, but sees "conviction" on part of the government to move ahead with the proposed stake sale, a top company official said Wednesday.

'Open to all routes for buying remaining stakes in HZL, Balco'

Vedanta group is open to any method for acquiring remaining stakes in Hindustan Zinc and Balco and would participate in the auction if the government takes that route to divest its residual stakes in the two erstwhile PSUs, a top official of the mining major has said.

Mines Min to send report on HZL, Balco to PMO after study

Mines Minister Dinsha Patel Wednesday said his Ministry would send the requisite report to the Prime Minister's Office (PMO) on sales of residual stakes in Hindustan Zinc (HZL) and Balco after going through all pros and cons minutely.