Vedanta , in a bid to up its stake from the current levels, has stepped up efforts to buy out government's
stake in Hindustan Zinc (HZL), learns CNBC-TV18 sources. Vedanta is likely to increase its offer to buy out government's stake in the company. Currently, Vedanta holds 64.92 percent and government 29.54 percent in Hind Zinc. CNBC-TV18's Kritika Saxena learns that Vedanta may have appointed advisors to advise on revised pricing. However, before making any revised offer with respect to Hindustan Zinc stake, nod from Vedanta PLC is required. In 2013, Vedanta had offered about USD 3,482 mllion to buy out government’s stake in HZL and Balco. The government currently holds 49 percent in Balco.
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