Mining giant Vedanta today said its duly authorized Committee of Directors has approved the sale of up to 6,70,00,000 equity shares of Hindustan Zinc, representing a 1.59% stake, through an offer-for-sale route.
The company, in its regulatory filing, said that the proposed transaction will be executed through the stock exchange mechanism, in line with applicable laws and the circulars issued by the Securities and Exchange Board of India and the stock exchanges.
Hindustan Zinc is a subsidiary of Vedanta Limited, which owns a 61.84% stake in the company as of the December-ending quarter, according to Trendlyne data.
The company specializes in the exploration, mining, and smelting of zinc, lead, and other non-ferrous metals. Its products include zinc ore, lead-zinc concentrate, zinc metal, lead metal, cadmium metal, silver metal, and sulfuric acid.
Based on Hindustan Zinc’s closing price today of ₹727.80 apiece, the proposed transaction is valued at ₹Rs 4,885 crore.
Hindustan Zinc share price trend
Hindustan Zinc remained higher for the second session on Tuesday, surging another ₹727.20″>4% to settle at a record high of ₹727.20, as the rally in silver prices showed no signs of abating.
The record-breaking rally in silver prices, which powered the stock to a 38% surge in 2025, has extended its momentum into early 2026. Prices have hit multiple record highs, crossing the Rs 3.64 lakh mark in today’s session.
After rallying 16.31% last week, the March delivery silver futures contract on MCX kicked off the week with a massive jump of ₹30,122 per kilogram, hitting a fresh record high of ₹3,64,821. This also contributed to a 53.34% surge in the first eighteen trading sessions of 2026.
In the international market, spot silver prices strengthened by as much as 8% to a fresh peak of $113 per ounce, contributing to a 56% surge so far in January, after rising 148% in 2025.
The strong increase in the white metal’s price is expected to boost company margins, as relatively stable production costs, coupled with higher selling prices, result in increased profits per unit sold.
Unlike gold, silver is used in many industries, with solar panel manufacturing being a key driver of consumption. Additionally, investments in silver—both in physical form and through exchange-traded funds (ETFs)—continue to rise, reflecting growing confidence in the metal’s investment potential.
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