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Reputation: 642,681  •  Jul 11, 2023 6:41 AM
SC dismisses Vedanta's plea to ask govt to divest its HZL stake in open market
SC dismisses Vedanta's plea to ask govt to divest its HZL stake in open market
The Supreme Court on Monday dismissed Vedanta's plea to direct the Centre to divest its 29.54% residual stake in Hindustan Zinc (HZL) in the open market, saying it cannot interfere with a "policy decision". A Bench led by Chief Justice DY Chandrachud, while rejecting Vedanta's application, said the company giving up on its call option was not conditional on the government having agreed to sell its stake in the open market.
The Economic Times

https://economictimes.indiatimes.com/industry/indl-goods/...
#VEDL #HINDZINC

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