Todays news is that Vedanta is selling its international zinc businesses to HZL for a hefty sum.
Vedanta is the parent company so technically isn’t it a way to restructure the business and an arrangement to transfer money rather than sale? Doesn’t seem good news for HZL, as cash will go out and who knows if what they are getting is overpriced or not?
Am interested in knowing your take.
Subscribe To Our Free Newsletter |