Ministerial panel starts process for stake sale in Hindustan Zinc, Balco: report

Moving ahead with the residual stake sale in Hindustan Zinc Ltd (HZL) and Bharat Aluminium Company (Balco), an inter-ministerial panel has begun the process of valuation of the two companies so as to complete the deals by the end of March. "We are in the process of valuing the two companies. The IMG discussed the issuance of Request For Proposals (RFP) for valuation of HZL and Balco," a senior Finance Ministry official said. ...