VEDANTA LTD - Proposed Sale Of Zinc International Assets Held By THL Zinc Ventures Limited, A Wholly Owned Subsidiary Of Vedanta Limited To A Wholly Owned Subsidiary Of Hindustan Zinc Limited, Another Listed Subsidiary

Rediff Moneywiz

Hi Guest
Feedback

Vedanta Ltd - Proposed Sale Of Zinc International Assets Held By THL Zinc Ventures Limited, A Wholly Owned Subsidiary Of Vedanta Limited To A Wholly Owned Subsidiary Of Hindustan Zinc Limited, Another Listed Subsidiary

Download	< Back
19 Jan 2023
Pursuant to Regulation 30 read with Part A of Schedule III of SEBI Listing Regulations, Vedanta Limited ('the Company') hereby wishes to inform that based on the recommendation of the Audit & Risk Management Committee, the Board of Directors of the Company, in its meeting held today, considered and approved the proposed sale of its Zinc International assets held by THL Zinc Ventures Ltd (Mauritius) ('THLZV'), a direct wholly owned subsidiary of the Company, through THL Zinc Ltd (Mauritius) ('THLZ') comprising shares held in Black Mountain Mining Pty Ltd, South Africa (69.6%) and THL Zinc Namibia Holdings (Pty) Ltd (100%), Namibia, to the proposed wholly owned subsidiary ('SPV') of Hindustan Zinc Limited ('HZL'), another listed subsidiary of the Company, for a cash consideration not exceeding USD 2,981 million (in a phased manner basis agreed milestones), such that THLZ becomes a wholly owned subsidiary of the SPV. We request you to please take the above on record.
View all announcements for Vedanta Ltd	Source: BSE India

ALL MONEYWIZ PAGES