Hindustan Zinc share sinks 6% as Vedanta offloads shares

Hindustan Zinc had a dramatic day on the bourses. The company’s big bang expansion plan — a Rs 12,000 crore zinc smelter project — should’ve got the market excited. Instead, the stock tanked nearly 6 per cent in Wednesday’s (June 18, 2025) early morning trade. Why? Because its promoter, Vedanta, sold a 1.76 per cent stake via a block deal. And the market hates surprises, especially when they come with a discount. The double whammy Block deal shocker: Vedanta dumped around 7.5 crore shares at Rs 475 apiece – a 6-7 per cent discount to last closing. This stake sale fetched over Rs 3,500 crore. Stock reaction: Hindustan Zinc shares nosedived to Rs 452 intraday before recovering slightly. Capex announcement: The board cleared a massive Rs 12,000 crore for a new 250 ktpa zinc smelter at Debari, Rajasthan, with a three-year execution timeline. What it means for investors Th