Hindustan Zinc Declines After Vedanta Announces OFS Amid Silver Rally

Hindustan Zinc shares came under pressure after promoter Vedanta approved an offer for sale to divest 1.59% stake at a discounted floor price of ₹685 per share. The proposed ₹4,589 crore stake sale weighed on sentiment despite silver prices and silver ETFs touching fresh lifetime highs, highlighting near-term supply concerns overriding commodity strength.