Cabinet approves sale of govt's stake in Hindustan Zinc: Report

The Union Cabinet has approved sale of the Centre's entire residual stake in Hindustan Zinc Limited, Moneycontrol reported citing CNBC Awaaz. The government owns a 29.5% stake in the mining company, while Vedanta Limited holds a 64.92% stake. At current market price, the government's residual stake in Hindustan Zinc is valued at around ₹38,740 crore.