2022
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
29.5%
|
|
|
40.8%
|
|
|
14.6%
|
|
|
35.2%
|
Detailed explanation-1: -Cabinet Okays Government’s 29.5% Stake Sale In Hindustan Zinc For ₹ 38,000 Crore.
Detailed explanation-2: -The government has budgeted Rs 65,000 crore from PSU disinvestment and strategic sale. The sale of 29.5 per cent stake representing over 124.96 crore shares would fetch around Rs 38,000 crore to the exchequer at current market prices.
Detailed explanation-3: -HZL was a CPSE under the administrative control of Ministry of Mines and was privatized in the year 2002. The Government divested 26 per cent of its equity holding in HZL along with the transfer of control to strategic partners namely, Sterlite Opportunities and Ventures Ltd.
Detailed explanation-4: -Hindustan Zinc was a central public service enterprise (CPSE) under the administrative control of the mines ministry and was privatised in 2002. Vedanta Ltd holds 64.92 percent in the company, while the government holds 29.53 percent. Only a 5.5 percent stake is with the public now.
Detailed explanation-5: -Based on the current shareholding pattern, Vedanta holds a 64.92 percent stake in Hindustan Zinc.