Government Initiates Hindustan Zinc Valuation Process

The Finance Ministry has started the process for fresh valuation of Hindustan Zinc Ltd (HZL), seeking to push through a long-pending sale of the government's residual stake in the company in the current financial year. The Department of Disinvestment has invited proposals from merchant bankers or chartered accountant firms with experience in handling valuation of companies. "The government has decided to undertake fresh valua...