Cyril Amarchand Mangaldas (CAM) recently played a pivotal role in facilitating Vedanta Limited’s strategic sale of 63,605,891 equity shares in Hindustan Zinc Limited. Conducted through a designated stock exchange window on August 16 and August 19, 2024, this transaction accounted for 1.51% of Hindustan Zinc’s total issued and paid-up equity share capital. The offer for sale (OFS) was priced at a floor of Rs. 486 per share.
The Capital Markets team at CAM, led by Yash Ashar and Devaki Mankad, alongside key support from senior associate Sanjana Ravjiani, provided expert guidance throughout the sale. Citigroup Global Markets India Private Limited and JM Financial Institutional Securities Limited served as brokers for this significant transaction, ensuring smooth execution on the trading floor.