Shares of Sterlite Industries and Sesa Goa have rallied more than 15% each on back of heavy volumes on reports that the legal hurdle in stake sale of Hindustan Zinc is cleared.
Currently, Sesa Goa held 64.92% stake, while the Government of India holds 29.54% stake in Hindustan Zinc, as per the data on the BSE.
Sesa Goa has zoomed over 19% to Rs 155, while Sterlite Industries has rallied 17% at Rs 88.90 on the Bombay Stock Exchange.
Finance ministry sources say the stake sale in Hindustan Zinc & BALCO will be taken place via open auction, CNBC-TV18 reports suggests.
Meanwhile, Hindustan Zinc has also zoomed 13% to Rs 119 on back of heavy volumes on the bourses.
Currently, Sesa Goa held 64.92% stake, while the Government of India holds 29.54% stake in Hindustan Zinc, as per the data on the BSE.
Sesa Goa has zoomed over 19% to Rs 155, while Sterlite Industries has rallied 17% at Rs 88.90 on the Bombay Stock Exchange.
Finance ministry sources say the stake sale in Hindustan Zinc & BALCO will be taken place via open auction, CNBC-TV18 reports suggests.
Meanwhile, Hindustan Zinc has also zoomed 13% to Rs 119 on back of heavy volumes on the bourses.
