Centre may ask Hindustan Zinc Ltd (HZL) to consider options, other than cash, like share swaps, rights issues or warrants for the $2.98 billion acquisition of Vedanta's zinc assets, a report by Mint said. The Centre believes that the cash reserves must not be used for the party-related transaction.
"We understand that the company needs to acquire mines to grow its business, but that should not be done through a cash acquisition. There are these options which the company can exercise. The government is a stakeholder in the company and has the right to cash reserves, and we will not
