NEW DELHI (Reuters) - The new government has approved the sale of its residual stakes in Hindustan Zinc Ltd
The government owns 29.5 percent of Hindustan Zinc and 49 percent of BALCO. Both the companies are majority owned by London-listed Vedanta Resources Plc
In October, mining conglomerate Vedanta won the backing of its shareholders to offer up to $3.48 billion to buy the government's stakes in the companies.
(Reporting by Rajesh Kumar Singh; Editing by Subhranshu Sahu)
