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Expect legal view on HZL share sale in a month: Govt

Legal opinion on the proposed buying of government's residual stake in Hindustan Zinc Ltd (HZL) by Vedanta is expected within a month, the Mines Ministry said today.

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Legal opinion on the proposed buying of government's residual stake in Hindustan Zinc Ltd (HZL) by Vedanta is expected within a month, the Mines Ministry said today.

The Supreme Court had last year restrained the government from going ahead with any further disinvestment of its stake in HZL.

Hindustan Zinc had submitted a proposal for buying the residual government stake.

"We are seeking legal opinion because there is a stay order by the Supreme Court," Mines Secretary Mines Secretary Balvinder Kumar told

 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

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