Hindustan Zinc stake sale: From Mumbai to New York, government holds roadshows to gauze investor sentiment

The government has conducted several roadshows in Mumbai, London, Boston and New York to meet investors for its proposed stake sale in Hindustan Zinc Ltd. The government is the largest minority shareholder in Hindustan Zinc (HZL) with a 29.5 percent stake in the country’s primary zinc manufacturer. “The roadshow is about the disinvestment process. So, the government is committed to disinvestment of some of its stake in Hindustan Zinc Ltd and in that to assess the market and meet investors and all that several roadshows have happened in the last 15 days. They have happened in Bombay, Singapore, Hongkong, London, Boston and New York. So, in all the major financial capitals the roadshows have happened,” Mines Secretary V L Kantha Rao said on the sidelines of a training-cum-workshop on the UNESCO Global Geoparks and Geoparks in India.